The Evolution of Teams

David Myatt and Chris Wallace

Chapter 4 in Teamwork, 2005, pp 78-101 from Palgrave Macmillan

Abstract: Abstract Many economic and social activities require a critical number of individuals (referred to here as a ‘team’) to participate in order to ensure the success of a given project or task. As a result, these kinds of activities frequently experience the well-known problems associated with collective actions.1 Focus here is directed at two such problems. First, such activities can involve a positive externality: participation in a team leads to a private cost borne by the individual, but the benefits of the team’s efforts accrue to all. Second, successful team formation requires coordination: absent the participation of a sufficient number of individuals, the project as a whole would fail.2

Keywords: Nash Equilibrium; Public Good; Simple Game; Team Size; Private Cost (search for similar items in EconPapers)
Date: 2005
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Working Paper: Evolution in Teams (2003)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-52320-3_5

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230523203

DOI: 10.1057/9780230523203_5

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().