We thank Kenichi Amaya, Hideshi Itoh, Atsushi Kajii, Shinsuke Kambe, Michihiro Kandori, and Akihiko Matsui for their helpful comments. We also thank Toshihiro Kanai for introducing us to the vast literature of empirical studies of leadership. We acknowledge constructive comments from seminar participants at 2003 European Meeting of Econometric Society, the Contract Theory Workshop at Kyoto University, ISER of Osaka University, Tokyo Metropolitan University and University of Tokyo. Finally, we are most grateful to an anonymous referee for pointing out errors in the previous versions and making the paper more focused.
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EMERGENCE OF LEADERSHIP IN TEAMS†
Article first published online: 17 AUG 2005
DOI: 10.1111/j.1468-5876.2005.00328.x
Additional Information
How to Cite
KOBAYASHI, H. and SUEHIRO, H. (2005), EMERGENCE OF LEADERSHIP IN TEAMS. Japanese Economic Review, 56: 295–316. doi: 10.1111/j.1468-5876.2005.00328.x
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Publication History
- Issue published online: 17 AUG 2005
- Article first published online: 17 AUG 2005
- Abstract
- References
- Cited By
Keywords:
- C72;
- D82
This paper provides a simple model to explain the emergence of leadership in an unstructured team. Each agent has partial information about the productivity of the team. Each agent may invest a productive effort in one of two periods. If one agent voluntarily moves first and the other waits for the second period, and if the first-move action successfully transmits his type, the first mover effectively exercises leadership in affecting the effort choice of the second mover. We prove that, if each agent holds stochastically independent information, leadership emerges with positive probabilities in Cho–Kreps stable outcomes.