Theory of Teams
E764593
Theory of Teams is an influential work in economic theory that analyzes how groups make decisions under uncertainty and how information and incentives affect collective performance.
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
book
ⓘ
work in economic theory ⓘ |
| aimsTo |
characterize optimal team arrangements under uncertainty
ⓘ
explain how information and incentives affect collective performance ⓘ provide a formal framework for team decision-making ⓘ |
| analyzes |
coordination of actions among team members
ⓘ
mechanisms for aggregating dispersed information ⓘ principal-agent relationships in groups ⓘ role of private information in team decisions ⓘ team production situations ⓘ trade-offs between risk sharing and incentives ⓘ |
| contributesTo |
game theory applications in organizations
ⓘ
information design ⓘ mechanism design ⓘ organizational economics ⓘ theory of incentives ⓘ |
| field |
economics
ⓘ
information economics ⓘ microeconomics ⓘ theory of the firm ⓘ |
| focusesOn |
effects of incentives on collective performance
ⓘ
effects of information on collective performance ⓘ how groups make decisions under uncertainty ⓘ optimal incentive schemes in teams ⓘ optimal information sharing in teams ⓘ |
| hasConcept |
adverse selection in teams
ⓘ
collective rationality ⓘ coordination mechanisms ⓘ incentive compatibility in teams ⓘ information structure ⓘ moral hazard in teams ⓘ risk sharing in teams ⓘ team objective function ⓘ |
| influenced |
analysis of collective performance in firms
ⓘ
models of organizational design ⓘ research on information aggregation ⓘ research on team incentives ⓘ subsequent work in contract theory ⓘ |
| mainSubject |
collective decision-making under uncertainty
ⓘ
coordination in groups ⓘ incentive problems in teams ⓘ information structures in organizations ⓘ team decision problems ⓘ |
| usedIn |
analysis of firm organization
ⓘ
design of incentive contracts ⓘ design of information systems in organizations ⓘ economic models of teams and committees ⓘ study of collaborative decision-making ⓘ |
Referenced by (1)
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