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Implementing Coordinated Team Play

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Author Info
Anil Arya
Jonathan Glover
John S. Hughes

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Abstract

This note studies a moral hazard model of joint production in which there are strong gains to coordination. The mechanism we propose for resolving the tacit collusion problem that arises in our setting is simple. A key aspect of the mechanism is the use of at- will contracts which provide the agents with the option to quit at any time.

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Paper provided by Ohio State University in its series Corporate Finance & Organizations with number _006.

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Handle: RePEc:wop:ohstfi:_006

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  1. Jackson, Matthew O. & Palfrey, Thomas R., 1999. "Voluntary Implementation," Working Papers 1077, California Institute of Technology, Division of the Humanities and Social Sciences. [Downloadable!]
    Other versions:
  2. Pierre Fleckinger, 2007. "On Multiagent Moral Hazard under Technological Uncertainty," Working Papers hal-00240716_v1, HAL. [Downloadable!]
  3. Pablo AmorĂ³s, 2003. "Nash Implementation and Uncertain Renegotiation," Economic Working Papers at Centro de Estudios Andaluces E2003/27, Centro de Estudios Andaluces. [Downloadable!]
    Other versions:
  4. Dennis Courtney & Thomas Marschak, 2009. "Inefficiency and complementarity in sharing games," Review of Economic Design, Springer, vol. 13(1), pages 7-43, April. [Downloadable!] (restricted)
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This page was last updated on 2009-12-2.


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