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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

This event will take place online.

Many of our seminars and public events this year will continue as online seminars or as online and in person. Please check our website listings and Twitter feed @STICERD_LSE for updates.

Unless otherwise specified, current restrictions mean in-person seminars are only open to members of the LSE community (those with a valid LSE ID card).

Those unable to join the seminars in-person are welcome to participate via zoom.


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 or ONLINE AND IN PERSON at the same time.

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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This event will take place online.