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- W2049331322 abstract "A principal wants two sequential tasks to be performed by wealth-constrained agents. Suppose that there is an outcome externality; i.e., a first-stage success can make second-stage effort more or less effective. If the tasks are conflicting, the principal's profit-maximizing way to induce high efforts is to hire one agent to perform both tasks (so that the prospect to get a larger second-stage rent after a first-stage success motivates the agent to work hard in the first stage). In contrast, when there is an effort externality (i.e., first-stage effort reduces or increases the probability of a second-stage success), then the principal prefers to hire two agents whenever the tasks are conflicting." @default.
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- W2049331322 date "2012-01-01" @default.
- W2049331322 modified "2023-09-23" @default.
- W2049331322 title "Job Design with Conflicting Tasks Reconsidered" @default.
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- W2049331322 doi "https://doi.org/10.2139/ssrn.2169549" @default.
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