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On Broadway and sports: how to make a winning team
| Content Provider | Semantic Scholar |
|---|---|
| Author | Bel, Roland Smirnov, Vladimir Wait, Andrew |
| Copyright Year | 2014 |
| Abstract | 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. |
| File Format | PDF HTM / HTML |
| Volume Number | 2 |
| Alternate Webpage(s) | https://openjournals.library.sydney.edu.au/index.php/OEW/article/download/7535/7850 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
