Now something like that could be a lot of fun to do... but would also have a weird tendency towards comedy. There was a novel published in the mid to late 90s (I found it in the late 90s, but think it had been out for a few years then) called "The Red Tape War" - four or five authors got together, one wrote the first chapter, one the second, one the third, etc. - once they got to the first chapter after each of them had done one, they somehow randomized it so that the next author was not the one who wrote the prior chapter and that each author would get a chapter before it started over. The author who wrote the first chapter also wrote the final chapter but only after meeting with the others in person and getting their input and feedback on characterization. There were a few parts where the writers made jokes about the story itself, or about each other ("Oh look, Phillip (Jose Farmer) pulled his body swap nonsense again. What a surprise..." or "Robert (Linn Asprin I think it was) thinks he wrote me into a corner but I had no idea what to do next until I saw what he pulled." )