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You are here: Home Seminars 17.12. Micro Theory Seminar: Elliot Lipnowski

17.12. Micro Theory Seminar: Elliot Lipnowski

Micro Theory Seminar with Elliot Lipnowski (Columbia University)

Event details
  • Micro Theory Seminar
When Dec 16, 2019
from 16:30 to 17:45
Where Lecture Hall G
Contact Name Francesc Dilmé
Contact Email
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"Fostering Collaboration"

"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."
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