Economics
Steffen Huck, Pedro Rey-Biel
Endogenous Leadership in Teams
Volume 162 (2006) / Issue 2, pp. 253-261 (9)
We study the mechanics of leading by example in teams. Leadership is beneficial for the entire team when agents are conformists, i.e., dislike effort differentials. We also show how leadership can arise endogenously and discuss what type of leader benefits a team most.