Demographic Diversity and Collusion in Teams

The authors thank Robert Gibbons, Bin Li, Haijin Lin, Tong Lu, Bentley MacLeod, James Malcomson, Philip Stocken, Jean Tirole, Katrin Weiskirchner-Merten, Li Yang, and workshop participants at the Theory and Inference in Accounting Research at Stanford Graduate School of Business, the University of Houston, the Vienna University, and the 6th Workshop on Relational Contracts for helpful comments.