Team production with inequity-averse agents

Detalhes bibliográficos
Autor(a) principal: Jianpei, Li
Data de Publicação: 2009
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.5/15591
Resumo: This paper analyzes the effi ciency of team production when risk- neutral agents exhibit other-regarding preferences. It is shown that full effi - ciency can be sustained as an equilibrium of a budget-balancing mechanism that punishes some randomly chosen agents if output falls short of the effi cient level but distributes output equally otherwise. The result depends on agents being suffi ciently inequity-averse.
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spelling Team production with inequity-averse agentsMoral hazardTeam productionInequity aversionThis paper analyzes the effi ciency of team production when risk- neutral agents exhibit other-regarding preferences. It is shown that full effi - ciency can be sustained as an equilibrium of a budget-balancing mechanism that punishes some randomly chosen agents if output falls short of the effi cient level but distributes output equally otherwise. The result depends on agents being suffi ciently inequity-averse.Springer VerlagRepositório da Universidade de LisboaJianpei, Li2018-06-11T12:49:51Z2009-082009-08-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/15591engJianpei, Li (2009). "Team production with inequity-averse agents". Portuguese Economic Journal, 8(2):119-1361617-982X (print)10.1007/s10258-008-0034-4metadata only accessinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-03-06T14:45:31Zoai:www.repository.utl.pt:10400.5/15591Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:01:11.671671Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Team production with inequity-averse agents
title Team production with inequity-averse agents
spellingShingle Team production with inequity-averse agents
Jianpei, Li
Moral hazard
Team production
Inequity aversion
title_short Team production with inequity-averse agents
title_full Team production with inequity-averse agents
title_fullStr Team production with inequity-averse agents
title_full_unstemmed Team production with inequity-averse agents
title_sort Team production with inequity-averse agents
author Jianpei, Li
author_facet Jianpei, Li
author_role author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Jianpei, Li
dc.subject.por.fl_str_mv Moral hazard
Team production
Inequity aversion
topic Moral hazard
Team production
Inequity aversion
description This paper analyzes the effi ciency of team production when risk- neutral agents exhibit other-regarding preferences. It is shown that full effi - ciency can be sustained as an equilibrium of a budget-balancing mechanism that punishes some randomly chosen agents if output falls short of the effi cient level but distributes output equally otherwise. The result depends on agents being suffi ciently inequity-averse.
publishDate 2009
dc.date.none.fl_str_mv 2009-08
2009-08-01T00:00:00Z
2018-06-11T12:49:51Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/15591
url http://hdl.handle.net/10400.5/15591
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Jianpei, Li (2009). "Team production with inequity-averse agents". Portuguese Economic Journal, 8(2):119-136
1617-982X (print)
10.1007/s10258-008-0034-4
dc.rights.driver.fl_str_mv metadata only access
info:eu-repo/semantics/openAccess
rights_invalid_str_mv metadata only access
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Springer Verlag
publisher.none.fl_str_mv Springer Verlag
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
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