Since 2014
On Broadway and sports: how to make a winning team
Organizational Economics Proceedings
View Archive Info| Field | Value | |
| Title |
On Broadway and sports: how to make a winning team
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| Creator |
Bel, Roland
Smirnov, Vladimir Wait, Andrew |
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| Description |
A successful organization – or Broadway production – needs the right team. A potential issue is that incumbent workers in a team might have a lower marginal return of effort, reducing the incentive for them to invest relative to newcomers. While agents always prefer to be teamed with others they have worked with before, a principal may wish to use new team members; this occurs when the loss from lower investment is sufficiently large. In fact, a principal may select a team of newcomers even when incumbents produce greater surplus. These insights have implications for job rotation, centralization-versus-decentralization and mergers.
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| Publisher |
The University of Sydney
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| Contributor |
—
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| Date |
2014-03-24
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
https://openjournals.library.sydney.edu.au/index.php/OEW/article/view/7535
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| Source |
Organizational Economics Proceedings; Vol 2, No 1 (2013): 7th Annual Organizational Economics Workshop July 2013
2201-8468 |
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| Language |
eng
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| Relation |
https://openjournals.library.sydney.edu.au/index.php/OEW/article/view/7535/7850
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