Details

Autor(en) / Beteiligte

• Ceulemans, Cédric
• Ginsburgh, Victor
• Legros, Patrick

Titel

Rock and Roll Bands, (In)complete Contracts, and Creativity

Ist Teil von

• The American economic review, 2011-05, Vol.101 (3), p.217-221

Ort / Verlag

Nashville: American Economic Association

Erscheinungsjahr

2011

Link zum Volltext

Quelle

EBSCOhost Business Source Ultimate

Beschreibungen/Notizen

• Members of a rock and roll band are endowed with different amounts of creativity. They match, compose songs, and share credit. The presence of more creative members increases the probability of success, but those more creative members may also claim a larger share of the pie. In our theoretical model, the nature of matching as well as the covariation between the probability of success and the allocation of credit among individual members are a function of the completeness of contracting. The data show that rock bands tend to enter into incomplete contracts and positive assortative matching. [PUBLICATION ABSTRACT]