Team Production in Competitive Labor Markets with Adverse Selection

@inproceedings{Siemens2014TeamPI,
  title={Team Production in Competitive Labor Markets with Adverse Selection},
  author={Ferdinand A. von Siemens and Michael Kosfeld},
  year={2014}
}
Team production is a frequent feature of modern organizations. Combined with team incentives, team production can create externalities among workers, since their utility upon accepting a contract depends on their team’s performance and therefore on their colleagues’ productivity. We study the effects of such externalities in a competitive labor market if workers have private information on their productivity. We find that in any competitive equilibrium there must be Pareto-efficient separation… CONTINUE READING

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