|
EconStor >
Max Planck Institute for Research on Collective Goods, Bonn >
Preprints of the Max Planck Institute for Research on Collective Goods >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/57475
|
| | |
Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Weinschenk, Philipp | | en_US |
| dc.date.accessioned | | 2011-07-12 | | en_US |
| dc.date.accessioned | | 2012-04-24T11:04:30Z | | - |
| dc.date.available | | 2012-04-24T11:04:30Z | | - |
| dc.date.issued | | 2011 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/57475 | | - |
| dc.description.abstract | | We study a dynamic model of team production with moral hazard. We show that the players begin to invest effort only shortly before the time limit when the reward for solving the task is shared equally. We explore how the team can design contracts to mitigate this form of procrastination and show that the second-best optimal contract is discriminatory. We investigate how limited liability or the threat of sabotage influences the team's problem. It is further shown that players who earn higher wages can be worse off than teammates with lower wages and that present-biased preferences can mitigate procrastination. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Max Planck Inst. for Research on Collective Goods Bonn | | en_US |
| dc.relation.ispartofseries | | Preprints of the Max Planck Institute for Research on Collective Goods 2011,13 | | en_US |
| dc.subject.jel | | D82 | | en_US |
| dc.subject.jel | | M52 | | en_US |
| dc.subject.jel | | L22 | | en_US |
| dc.subject.jel | | J71 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | moral hazard | | en_US |
| dc.subject.keyword | | team production | | en_US |
| dc.subject.keyword | | partnerships | | en_US |
| dc.subject.keyword | | procrastination | | en_US |
| dc.subject.keyword | | contract design | | en_US |
| dc.subject.keyword | | discrimination | | en_US |
| dc.subject.stw | | Arbeitsgruppe | | en_US |
| dc.subject.stw | | Projektmanagement | | en_US |
| dc.subject.stw | | Zeitkonsistenz | | en_US |
| dc.subject.stw | | Moral Hazard | | en_US |
| dc.subject.stw | | Anreizvertrag | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.title | | Procrastination in teams, contract design and discrimination | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 66403425X | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | Preprints of the Max Planck Institute for Research on Collective Goods
|
| Files in This Item:
| |
|
| No. of Downloads:
| |
| last Month |
last 3 Month |
total |
|
|
|
|
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|