Endogenous Leadership in Teams
AbstractIn this paper we study the mechanics of ``leading by example'' in teams. Leadership is beneficial for the entire team when agents are conformists, i.e., dislike effort differentials. We also show how leadership can arise endogenously and discuss what type of leader benefits a team most.
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Bibliographic InfoPaper provided by EconWPA in its series Microeconomics with number 0506004.
Length: 9 pages
Date of creation: 08 Jun 2005
Date of revision:
Note: Type of Document - pdf; pages: 9
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team production; conformism; leadership; leading by example; endogenous timing;
Other versions of this item:
- Steffen Huck & Pedro Rey-Biel, 2006. "Endogenous Leadership in Teams," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 162(2), pages 253-261, June.
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
- L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-06-14 (All new papers)
- NEP-BEC-2005-06-14 (Business Economics)
- NEP-CBE-2005-06-14 (Cognitive & Behavioural Economics)
- NEP-GTH-2005-06-14 (Game Theory)
- NEP-LAB-2005-06-14 (Labour Economics)
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