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The study of cooperation in teams or among teams is an important aplication of Game Theory. The main problem is that if there is imperfect observability of the actios of every member of the team, each of them may have an incentive to work less and free ride the other members. For a paper in this see: Holmstrom, B., 1982, Moral Hazard in Teams, Bell Journal of Economics, 3:324-340. For a general theory of how to study interaction with imperfect information (and analyze if cooperation can be supported) see: Mas-Colell, Whinston and Green, Chapter 23.
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Is it possible to create an environment in which 5 financially competing
research teams can co-operate to divide up a complex research problem into its components,invent the best experiment for each component and then divide the work [View full text and thread]
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