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STICERD Economic Theory Seminars

Fostering Collaboration

Elliot Lipnowski (University of Chicago), joint with Aditya Kuvalekar and Joyee Deb

Thursday 13 June 2019 15:30 - 17:00

Due to the onging coronavirus outbreak, many of our seminars and public events this year will continue as online seminars. Please check our website listings and Twitter feed @STICERD_LSE for updates.


About this event

We 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.

Economic Theory Seminars are held on Thursdays in term time at 15:30-17:00, ONLINE, unless specified otherwise.

Seminar organisers: Dr Andrew Ellis and Dr Francesco Nava.

For further information please contact Annie-Rose Nicholas by email: a.nicholas1@lse.ac.uk.

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