EMERGENCE OF LEADERSHIP IN TEAMS*

Hajime Kobayashi and Hideo Suehiro

The Japanese Economic Review, 2005, vol. 56, issue 3, 295-316

Abstract: This paper provides a simple model to explain the emergence of leadership in an unstructured team. Each agent has partial information about the productivity of the team. Each agent may invest a productive effort in one of two periods. If one agent voluntarily moves first and the other waits for the second period, and if the first‐move action successfully transmits his type, the first mover effectively exercises leadership in affecting the effort choice of the second mover. We prove that, if each agent holds stochastically independent information, leadership emerges with positive probabilities in Cho–Kreps stable outcomes.

Date: 2005
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