期刊名称：CORE Discussion Papers / Center for Operations Research and Econometrics (UCL), Louvain
出版年度：2010
卷号：2010
期号：1
出版社：Center for Operations Research and Econometrics (UCL), Louvain
摘要：Members of a rock and roll band are endowed with different creativity. They match and eventually
obtain credit for song writing as well as a share of the returns from sales. More creative members
increase the probability of success but may also claim a larger share of the pie. In our theoretical
model, the nature of matching (postive or negative assortative) as well as the covariation between the
probability of having a “hit” and the dispersion of credits given to individual members are a function
of the completeness of contracting. When members adopt a “gentleman’s agreement” to share credits
equally, the covariation between the probability of a hit and the dispersion of credits is negative,
which is the consequence of positive assortative matching in creativity. The data show that the
relation between dispersion and success is significantly negative, and that rock bands are thus likely
to sign incomplete contracts.
关键词：overlapping generations, resource management, common pool resource, spatial
interdependence, strategic behaviour, cooperative behaviour
