Symmetry and efficiency
We consider teams where information asymmetry (adverse selection and moral hazard) is minimized by entry point screening designed to produce homogenous membership and work group arrangements and job rotation that render effort at worst imperfectly observable. We show that under membership symmetry,...
| Published in: | The Philippine Review of Business and Economics Vol. XXXIV, No. 1 (June 1997), p. 99-109. |
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| Main Author: | |
| Format: | Analytics |
| Language: | English |
| Published: |
1997.
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| Subjects: |