Abstract
We study the mechanics of leading by example in teams. Leadership is beneficial for the entire team when agents are conformists, i.e., dislike effort differentials. We also show how leadership can arise endogenously and discuss what type of leader benefits a team most.
Original language | English |
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Pages (from-to) | 253-261 |
Number of pages | 9 |
Journal | Journal of Institutional and Theoretical Economics |
Volume | 162 |
Issue number | 2 |
DOIs | |
Publication status | Published - Jun 2006 |
Externally published | Yes |