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Teamwork Management in an Era of Diminishing Commitment

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  • Auriol, Emmanuelle
  • Friebel, Guido
  • Pechlivanos, Lambros

Abstract

This paper studies management when the principal has different degrees of commitment power. In a model in which both the principal and agents are symmetrically uncertain about the agents' innate abilities, implicit incentives arise when the principal is not able to commit herself to long-term contracts. The presence of implicit incentives makes the agents more reluctant to behave cooperatively (they actually have incentives to 'sabotage' their colleagues). This forces the principal to offer more 'collectively oriented' incentive schemes than in the presence of commitment, in order to induce the desired level of cooperation. Moreover, teamwork exposes agents to higher risks than the ones they are exposed to in a Taylorist workplace. We find that the optimal team size is constrained by risk considerations, and is decreasing in the uncertainty of the production technology and in the time horizon of the team.

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Bibliographic Info

Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 2281.

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Date of creation: Nov 1999
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Handle: RePEc:cpr:ceprdp:2281

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Related research

Keywords: Career Concerns; Collective Orientation Of Incentive Schemes; Commitment; Sabotage; Team Size; Teamwork;

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Cited by:
  1. Carmen Bevia & Luis C. Corchón, 2006. "Rational Sabotage in Cooperative Production with Heterogeneous Agents," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 0(1), pages 16.
  2. Emmanuelle Auriol & Guido Friebel & Lambros Pechlivanos, 2002. "Career Concerns in Teams," Journal of Labor Economics, University of Chicago Press, vol. 20(2), pages 289-307, Part.
  3. Daniel S. Hamermesh, 2000. "12 Million Salaried Workers Are Missing," NBER Working Papers 8016, National Bureau of Economic Research, Inc.
  4. Dewatripont, Mathias & Jewitt, Ian & Tirole, Jean, 2000. "Multitask agency problems: Focus and task clustering," European Economic Review, Elsevier, vol. 44(4-6), pages 869-877, May.
  5. Gilliot, D & Overlaet, Robrecht & Verdin, PJ, 2002. "Managing academic personnel flow at universities," Open Access publications from Katholieke Universiteit Leuven urn:hdl:123456789/122532, Katholieke Universiteit Leuven.

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