Quarterly Journal of Economics Vol. 101 No. 1 1986
Cooperation in Ongoing Organizations
Abstract
This paper argues that overlapping games can provide a natural theory of long-lived organizations. It shows that participation in organizations of infinite duration changes the incentives of agents with finite lives, and will induce more cooperation than a static model would predict. After developing the general theory, we apply it to the description of career paths in organizations and show that it can be optimal to give the youngest workers the most arduous tasks. I.
- DOI
- 10.2307/1884640
- Volume
- 101
- Issue
- 1
- Pages
- 33
- Sources
- openalex crossref