Sharing and Anti-Sharing in Teams

Roland Kirstein and Robert D Cooter

Berkeley Olin Program in Law & Economics, Working Paper Series from Berkeley Olin Program in Law & Economics

Abstract: Compared to budget-balanced Sharing contracts, Anti-Sharing may improve the efficiency of teams. The Anti-Sharer collects a fixed payment from all team members; he receives the actual output and pays out its value to them. If a team members becomes Anti-Sharer, he will be unproductive in equilibrium. Hence, internal Anti-Sharing fails to yield the first-best outcome. Anti-Sharing is more likely to yield a higher team profit than Sharing, the larger the team, the curvature of the production function, or the marginal effort cost. Sharing is more likely to be better, the greater the marginal product, the cross-partials of the production function, or the curvature of the effort cost.

Keywords: Budget-breaker; supermodularity; constrained efficiency (search for similar items in EconPapers)
Date: 2006-12-29
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Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Sharing and anti-sharing in teams (2007)
Working Paper: Sharing and Anti-Sharing in Teams (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:cdl:oplwec:qt07z8m8wm

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