On Broadway and strip malls: how to make a winning team
Field | Value | Language |
dc.contributor.author | Bel, Roland | |
dc.contributor.author | Smirnov, Vladimir | |
dc.contributor.author | Wait, Andrew | |
dc.date.accessioned | 2012-11-30 | |
dc.date.available | 2012-11-30 | |
dc.date.issued | 2012-11-01 | |
dc.identifier.uri | http://hdl.handle.net/2123/8799 | |
dc.description.abstract | A successful organization – or Broadway production – needs the right team. A potential issue is that an existing synergy between complementary agents (or assets) can reduce the marginal return of effort, creating a disincentive to invest. While agents always prefer to be in a team of complementary workers, a principal may wish to use non-complementary agents; this can occur if the loss from lower investment is sufficiently large. A principal, however, may opt for non-complementary agents when complementary workers would produce greater surplus. These insights have implications for job rotation, the centralization versus decentralization of decision making and mergers. | en_AU |
dc.language.iso | en_AU | en_AU |
dc.publisher | School of Economics | en_AU |
dc.relation.ispartofseries | 2012-14 | en_AU |
dc.subject | complementarity | en_AU |
dc.subject | task allocation | en_AU |
dc.subject | job rotation | en_AU |
dc.subject | assets | en_AU |
dc.subject | mergers | en_AU |
dc.title | On Broadway and strip malls: how to make a winning team | en_AU |
dc.type | Working Paper | en_AU |
dc.contributor.department | School of Economics | en_AU |
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