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Cited by 463

The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.

Incentives to Help in Multi-Agent Situations

Itoh, Hideshi·1991·Econometrica

Abstract

This paper concerns moral hazard problems in multiagent situations where cooperation is an issue. Each agent allocates effort to his own task and to other tasks as "help." The principal may prefer an unambiguous division of labor by inducing each agent to specialize in his own task, or prefer teamwork where each agent is motivated to help other agents. A sufficient condition for teamwork to be optimal is presented. A nonconvexity of the optimal task structure is also shown: the principal wants either strict specialization or substantial teamwork. Copyright 1991 by The Econometric Society.

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Metadata

Authors
Itoh, H.
Venue
Econometrica
Publisher
JSTOR
Published
1991-05
Volume
59
Issue
3
Pages
611
ISSN
0012-9682 (ISSN-L)
OpenAlex
W1974291345
Cited by
463
References
1
FWCI
3.92
Type
journal article
Language
en
Open access
closed

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