Team production,endogenous learning about abilities and career concerns |
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Institution: | 1. Kedge Business School, Domaine de Luminy, 13288 Marseille, France;2. School of Economics, The University of Sydney, NSW 2006, Australia;1. Department of Economics, University of Essex, Colchester, Essex CO4 3SQ, United Kingdom;2. Department of Economics, University of Vienna, Hohenstaufengasse 9, 1010 Vienna, Austria |
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Abstract: | This paper studies career concerns in teams where the support a worker receives depends on fellow team members? efforts and abilities. In this setting, by exerting effort and providing support, a worker can influence her own and her teammates? project outputs in order to bias the learning process in her favor. To manipulate the market?s assessment, we argue that in equilibrium, a worker has incentives to help or even sabotage her colleagues in order to signal that she is of higher ability. In a multiperiod stationary framework, we show that the stationary level of work effort is above and help effort is below their efficient levels. |
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Keywords: | Career concerns Team incentives Incentives to help incentives to sabotage |
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