Sharing rules in teams

• 成果类型: Article
• 署名作者: Nandeibam, S
• 署名单位: University of Birmingham
• 刊物名称: JOURNAL OF ECONOMIC THEORY
• ISSN/ISSBN: 0022-0531
• DOI: 10.1006/jeth.2001.2953
• 发表日期: 2002
• 页码: 407-420
• 关键词: team; share function; sharing rule; linear sharing rule; implementation

摘要

We examine the problem of output sharing in a moral hazard in team situation. Although we do not consider any particular procedure, we assume that the team uses some procedure to decide a sharing rule before actual production takes place (for example, this may be a bargaining process or a team welfare maximization problem). This must take into account that the team will play a noncooperative game in the production process conditional on the chosen sharing rule. We show that the procedure for deciding the sharing rule does not have to look for anything more complicated than simple linear sharing rules. We also show that, when there is limited liability, the procedure needs to consider only the slightly more complicated piecewise linear rules. As a consequence of the linear sharing rule result, we are also able to provide a characterization of implementable outcomes. (C) 2002 Elsevier Science (USA).