… contract linear in team output is feasible and optimal. However, a monitored contract linear in
y/P is optimal… are undoubtedly inherent in team production. Chinese agriculture, for example…

… In particular, optimal team contracts in this paper strikingly reveal that the optimal performance
… In order to investigate team effects on contracting, we compare our team contracts with …

… team arrangements may be surpassed by incentive contracts. … of team and collusion contracts,
we prove that team contracts … lower CE levels with the optimal team contract. However, we …

… optimal incentive contracts … team contracts can be optimal even if the agents’ performance
measures are positively correlated such that relative performance evaluation would be optimal …

… We explore the problem of optimal contract menus with hidden information and team production
in a laboratory experiment matching a principal with two agents of unknown level of skill. …

… We will now seek to determine the optimal contract for a given discount factor δ. Consider
first the constraints for the principal’s wage minimization program. Note that the …

… In their 1991 paper McAfee and McMillan discuss an optimal contract for a team in which …
of team production, only total team output can be observed, then an optimal contract is one …

… Moreover, our stationary wage scheme can be justified as an optimal long-term contract
even when the principal can commit to one, if the value of agents’ efforts is sufficiently high.…

… the precise pattern of the optimal contract. We illustrate that the optimal incentive regime is a
… The optimal contract pattern provides a theoretical justification for the compensation policies …

… I identify a condition under which the principal’s optimization problem can be reformulated
as solving a family of convex programs, thereby showing the optimal contract can be found …