Publication: Cooperative production and efficiency
Loading...
Identifiers
Publication date
2008
Defense date
Authors
Advisors
Tutors
Journal Title
Journal ISSN
Volume Title
Publisher
Elsevier
Abstract
We characterize the sharing rule for which a contribution mechanism achieves efficiency in a cooperative production setting when agents are heterogeneous. This rule differs from the one obtained by Sen for the case of identical agents. We also show for a large class of sharing rules that if Nash equilibrium yields efficient allocations, the production function displays constant returns to scale, a case in which cooperation in production is useless.
Description
Keywords
Cooperative production, Efficiency, Incentives
Bibliographic citation
Mathematical Social Sciences. ( Octubre 2008), p. 1-12