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TZID:America/Detroit
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DTSTART:20070311T020000
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BEGIN:VEVENT
DTSTAMP:20190319T111636
DTSTART;TZID=America/Detroit:20190329T143000
DTEND;TZID=America/Detroit:20190329T160000
SUMMARY:Workshop / Seminar:Economic Theory: Fostering Collaboration
DESCRIPTION:Abstract\n\nWe study optimal project selection by a firm that must choose between different workers’ preferred projects. The firm faces a basic tradeoff between fostering collaboration among its employees and efficiently adapting its decisions to its circumstances. If the firm commits to choosing the project which is most profitable ex-post\, it undermines its employees’ motive to collaborate\, causing ex-ante inefficiency. We solve for the firm’s optimal policy. It entails an early phase of intense competition\, followed by a permanent regime of collaboration. In service to ex-ante optimality\, arbitrarily severe ex-post inefficiencies must be tolerated.\n\n(joint with Joyee Deb and Aditya Kuvalekar)
UID:58623-14520007@events.umich.edu
URL:https://events.umich.edu/event/58623
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Economics,seminar
LOCATION:Lorch Hall - 301
CONTACT:
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