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Keywords: Monitoring
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Journal Articles
Journal:
Review of Behavioral Economics
Review of Behavioral Economics (2015) 2 (4): 379–403.
Published: 30 December 2015
... with Holmström, moral hazard in teams is indeed pervasive. Subsequently, we find strong evidence for the conjecture of Kandel and Lazear (1992) that peer pressure may resolve the moral hazard in teams problem. Organizations equipped with a very weak form of peer monitoring (anonymous and without physical...
