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Collective Production and Incentives

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Author Info
Alex Gershkov (Department of Economics, University of Bonn, Lennéstraße 37, 53113 Bonn, Germany. Alex.Gershkov@uni-bonn.de)
Jianpei Li (Department of Economics, Humboldt University of Berlin, Spandauerstraße 1, 10099 Berlin, Germany. LiJianpei@wiwi.hu-berlin.de)
Paul Schweinzer (Department of Economics, University of Bonn, Lennéstraße 37, 53113 Bonn, Germany. Paul.Schweinzer@uni-bonn.de)

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Abstract

We analyse incentive problems in collective production environments where contributors are compensated according to their observed and ranked efforts. This provides incentives to the contributors to choose first best efforts.

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Publisher Info
Paper provided by SFB/TR 15 Governance and the Efficiency of Economic Systems, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich in its series Discussion Papers with number 186.

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Date of creation: Dec 2006
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Handle: RePEc:trf:wpaper:186

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  2. Alchian, Armen A & Demsetz, Harold, 1972. "Production , Information Costs, and Economic Organization," American Economic Review, American Economic Association, vol. 62(5), pages 777-95, December. [Downloadable!] (restricted)
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  3. Cohen, Chen & Kaplan, Todd & Sela, Aner, 2004. "Optimal Rewards in Contests," CEPR Discussion Papers 4704, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  4. Benny Moldovanu & Aner Sela, 2001. "The Optimal Allocation of Prizes in Contests," American Economic Review, American Economic Association, vol. 91(3), pages 542-558, June. [Downloadable!] (restricted)
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  5. Battaglini, Marco, 2006. "Joint production in teams," Journal of Economic Theory, Elsevier, vol. 130(1), pages 138-167, September. [Downloadable!] (restricted)
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  6. Kandel, Eugene & Lazear, Edward P, 1992. "Peer Pressure and Partnerships," Journal of Political Economy, University of Chicago Press, vol. 100(4), pages 801-17, August. [Downloadable!] (restricted)
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  7. Legros, Patrick & Matthews, Steven A, 1993. "Efficient and Nearly-Efficient Partnerships," Review of Economic Studies, Blackwell Publishing, vol. 60(3), pages 599-611, July. [Downloadable!] (restricted)
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  8. Miller, Nolan H., 1997. "Efficiency in Partnerships with Joint Monitoring," Journal of Economic Theory, Elsevier, vol. 77(2), pages 285-299, December. [Downloadable!] (restricted)
  9. Strausz, Roland, 1999. "Efficiency in Sequential Partnerships," Journal of Economic Theory, Elsevier, vol. 85(1), pages 140-156, March. [Downloadable!] (restricted)
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