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Intrinsically Motivated Agents in Teams
Social Science Research Network
I develop a principal-agent model where a profit-maximizing principal employs two agents to undertake a project. The employees differ in terms of their intrinsic motivation towards the project and this is their private information. I analyze the impact of individual and team incentives on the screening problem of employees with different degrees of motivation within teams. If the principal conditions each agent's wage on his own level of effort (individual incentives), an increase of the rentsdoi:10.2139/ssrn.2631009 fatcat:pae76pdre5bg5o3ghsaxt3sfy4