Endogenous Leadership in Teams

Steffen Huck, Pedro Rey-Biel
2006 Journal of Institutional and Theoretical Economics  
In this paper we study the mechanics of "leading by example" in teams. Leadership is beneficial for the entire team when agents are conformists, i.e., dislike effort differentials. We also show how leadership can arise endogenously and discuss what type of leader benefits a team most. JEL codes: C72; D23; D63; J31; L23.
doi:10.1628/093245606777583495 fatcat:r3hy7c375jgsxjpq5fjocjtn5a