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„Never Change a Winning Team“ — Team-Entlohnung und implizite Kooperation

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  • Dirk Sliwka

    (Universität Bonn)

Abstract

Summary The optimal incentives for a team are analyzed in a principal-agent model. It is shown that it can be beneficial to make an agent’s compensation positively dependent on another agent’s success even when tasks are technologically independent. The introduction of team compensation induces implicit cooperation and mutual monitoring. This is modeled explicitly in a repeated game. Team compensation can be optimal even in cases, where in the static model relative performance evaluation is preferred. It is the more beneficial the higher the probability of an ongoing relationship.

Suggested Citation

  • Dirk Sliwka, 2001. "„Never Change a Winning Team“ — Team-Entlohnung und implizite Kooperation," Schmalenbach Journal of Business Research, Springer, vol. 53(8), pages 777-797, December.
    • Handle: RePEc:spr:sjobre:v:53:y:2001:i:8:d:10.1007_bf03372668
    DOI: 10.1007/BF03372668
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    References listed on IDEAS

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    More about this item

    Keywords

    D23; M12; I33;
    All these keywords.

    JEL classification:

    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation

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