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Economy / Asymmetric information / Market failure / Organizational theory / Principalagent problem / Economic equilibrium / First-mover advantage / Business
Economy
Asymmetric information
Market failure
Organizational theory
Principalagent problem
Economic equilibrium
First-mover advantage
Business

Endogenous leadership in teams∗ STEFFEN HUCK & PEDRO REY BIEL Abstract In this paper we study the mechanics of “leading by example” in teams. Leadership is beneficial for the entire team when agents are

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