第168回「制度と組織の経済学」研究会 (共催：IPP研究会） 開催のお知らせ

「制度と組織の経済学」研究会はOEIO（The Osaka Workshop on Economics of Institutions and Organizations：東京大学社会科学研究所と大阪大学IPP研究会による研究会）の主催により、理論研究・実証研究を問わず、ミクロ経済理論、マクロ経済理論、経済史等をテーマに研究しています。 皆様のご参加をお待ちしております。

Presenter： 関口 格氏（ 京都大学 経済研究所 ）

Title： “Specialization vs. Rotation in Repeated Partnerships”

Abstract: In ongoing organizations, efficiency or total payoff maximization typically requires different members to make different types of efforts. The present paper studies how the organizations should allocate those different tasks to their members over time. We formulate a model of repeated partnerships consisting of homogeneous partners where efficiency is attained only by asymmetric stage action profiles. We focus on the efficient equilibrium behavior at the minimum discount factor under which an efficient repeated game equilibrium exists. A key feature which decides the equilibrium behavior is the relationship between the tasks and their associated degrees of moral hazard. In the case of two partners, we show that, depending on the relationship, any efficient equilibrium at the minimum discount factor exhibits random rotation, where the members switch their roles over time with a uniquely given probability. The probability can be either zero or one, so that the equilibrium exhibits pure rotation, where the role switching occurs every period on the path, or specialization, where the switching never occurs. This result explains both specialization and rotation, phenomena frequently observed in reality, from the viewpoint of incentives. We generalize those observations to the case of three or more partners.

詳細：https://www.osipp.osaka-u.ac.jp/ja/oeio-168/