Efficiency and Sustainability in Teamwork: The Role of Entry Costs
| العنوان: | Efficiency and Sustainability in Teamwork: The Role of Entry Costs |
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| المؤلفون: | Carlos E. Jijena Michel, Javier Perote, José David Vicente-Lorente |
| المصدر: | Sustainability Volume 10 Issue 7 Sustainability, Vol 10, Iss 7, p 2334 (2018) |
| بيانات النشر: | Multidisciplinary Digital Publishing Institute, 2018. |
| سنة النشر: | 2018 |
| مصطلحات موضوعية: | media_common.quotation_subject, Geography, Planning and Development, lcsh:TJ807-830, lcsh:Renewable energy sources, up-front pay, Management, Monitoring, Policy and Law, Entry cost, Order (exchange), 0502 economics and business, minimum effort coordination game, 050207 economics, lcsh:Environmental sciences, media_common, lcsh:GE1-350, Teamwork, Renewable Energy, Sustainability and the Environment, lcsh:Environmental effects of industries and plants, 05 social sciences, Convergence (economics), Environmental economics, Payment, Incentive, lcsh:TD194-195, Free play, efficiency, Sustainability, 050211 marketing, Business, teamwork |
| الوصف: | This research studies how incentives to cooperation and sustainability through up-front pay mechanisms can impact teamwork. For this purpose, we carry out certain laboratory experiments on the two-player Minimum Effort Game. First, we compare two treatments: one with &ldquo free play teams&rdquo against teams forced to make a non-refundable up-front payment that covers the total output in case of maximum contribution, which we call &ldquo optimal entry cost teams&rdquo In the second comparison, experimental results are focused on different amounts in the up-front pay in order to test the theoretical prediction that higher entry costs might improve efficiency (optimal entry cost treatment vs. medium entry cost treatment). We find that the up-front pay mechanism induces higher effort levels compared to the &ldquo which converge to the efficient and sustainable solution. The increase in the up-front pay, however, does not seem to accelerate such a convergence. These findings provide evidence for a new mechanism to encourage efficiency and sustainability in firms. |
| وصف الملف: | application/pdf |
| اللغة: | English |
| تدمد: | 2071-1050 |
| DOI: | 10.3390/su10072334 |
| الوصول الحر: | https://explore.openaire.eu/search/publication?articleId=doi_dedup___::27bc9e9c52f6c8bcbd07d6c3ae84fb99Test |
| حقوق: | OPEN |
| رقم الانضمام: | edsair.doi.dedup.....27bc9e9c52f6c8bcbd07d6c3ae84fb99 |
| قاعدة البيانات: | OpenAIRE |
| تدمد: | 20711050 |
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| DOI: | 10.3390/su10072334 |