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on the efficiency of team-based meritocracies Author info | Abstract | Publisher info | Download info | Related research | Statistics Gunnthorsdottir, Anna
Vragov, Roumen
seifert, Stefan
McCabe, Kevin
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registered author(s):
According to theory a pure meritocracy is efficient because individual members are competitively rewarded according to their individual contributions to society. However, purely individually based meritocracies seldom occur. We introduce a new model of social production called “team-based meritocracy” (TBM) in which individual members are rewarded based on their team membership. We demonstrate that as long as such team membership is both mobile and competitively based on contributions, individuals are able to tacitly coordinate a complex and counterintuitive asymmetric equilibrium that is close to Pareto-optimal, possibly indicating that such a group-based meritocracy could be a social structure to which humans respond with particular ease. Our findings are relevant to many contemporary societies in which rewards are at least in part determined via membership in organizations such as for example firms, and organizational membership is increasingly determined by contribution rather than privilege.
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
8627.
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Date of creation: 07 Jan 2008Date of revision:
Handle: RePEc:pra:mprapa:8627Contact details of provider: Postal: Schackstr. 4, D-80539 Munich, Germany Phone: +49-(0)89-2180-2219 Fax: +49-(0)89-2180-3900 Web page: http://mpra.ub.uni-muenchen.de More information through EDIRC
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Keywords: social stratification meritocracies mechanism design non-cooperative games experiment team production. Other versions of this item:
Find related papers by JEL classification: D20 - Microeconomics - - Production and Organizations - - - General C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
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