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• W2003707041 abstract "Consider Holmstrom's moral hazard in teams problem when there are n agents, each agent i has an a(i)-dimensional strategy space and output can be m-dimensional. We show that a compensation mechanism that satisfies budget balance, limited liability and implements an efficient allocation generically exists if and only if Sum_a(i)/(n-1)" @default.
• W2003707041 created "2016-06-24" @default.
• W2003707041 creator A5007070331 @default.
• W2003707041 date "2004-10-01" @default.
• W2003707041 modified "2023-09-23" @default.
• W2003707041 title "Joint Production in Teams" @default.
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