Voluntary Teaming and Effort

Discussion Papers 745

Contents

Contents

1 Introduction ......................................................................................................................... 1

2 The model............................................................................................................................. 5

2.1 The effort game.............................................................................................................. 5

2.2 The subgame-perfect equilibrium.................................................................................. 6

2.3 Joint profit maximization............................................................................................... 7

3 Predictions............................................................................................................................ 8

4 Experimental design............................................................................................................9

4.1 Treatments...................................................................................................................... 9

4.2 Organization................................................................................................................. 11

5 Experimental results ......................................................................................................... 12

6 Regression analysis............................................................................................................22

6.1 Remuneration mode ..................................................................................................... 22

6.2 Effort ........................................................................................................................... 24

7 Conclusion.......................................................................................................................... 27

References............................................................................................................................... 30

Appendix................................................................................................................................. 33

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