Rock and Roll Bands, (In)complete Contracts, and Creativity
研究了摇滚乐队中成员创造力差异如何影响匹配、歌曲创作和收益分配，发现不完全合同下乐队倾向于正向匹配。
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.