Dynamic production teams with strategic behavior
Details
Serval ID
serval:BIB_3C7B4642C212
Type
Article: article from journal or magazin.
Collection
Publications
Institution
Title
Dynamic production teams with strategic behavior
Journal
Journal of Economic Dynamics and Control
ISSN
0165-1889
Publication state
Published
Issued date
03/2003
Peer-reviewed
Oui
Volume
27
Number
5
Pages
875-905
Language
english
Abstract
We analyze if intergenerational teams reveal workers' productivities. Some uncertainty on agents' productivities persists when (i) each agent must work independently, or (ii) technological shocks are agent-specific in compulsory teams. However, when technological shocks are team-specific in compulsory teams, each worker's productivity is revealed. When agents choose to work independently or in teams, that problem falls in the class of dynamic games. Elective teams are preferred by high-productivity young workers when the technological shocks are agent-specific, and maximize the expected utility of a young worker when shocks are team-specific.
Keywords
Adverse selection, Dynamic games, Reputation, Team production
Web of science
Create date
30/04/2008 15:03
Last modification date
20/08/2019 13:32