The Economics of Team Production
With application to the board of directors
A couple of posts ago, I used a recent Wall Street Journal article about professional golf as a jumping off point to discuss the impact of political heterogeneity on team production. There is a substantial literature on team production in the employment context, of course, but my interest these days is focused on the board as a production team.
Political Heterogeneity and Corporate Governance
The Wall Street Journal’s Golf Supplement may seem like an odd place to find corporate governance insights, but the most recent one had a very interesting story that sheds light on a central aspect of corporate governance; namely, team production.
In any case, working on the prior post got me thinking about my work team production and sent me back to the old blog archives. So, let’s talk about the economics of team production.
Many readers will doubtless be aware of Margaret Blair and Lynn Stout’s Team Production model of the Board of Directors. I plan a separate post on why I have long disagreed with their approach. In a few days.
Keep reading with a 7-day free trial
Subscribe to Bainbridge on Corporations to keep reading this post and get 7 days of free access to the full post archives.