A Note on the Optimal Structure of Production

Frutos, María Ángeles de; Rocha, J.M. da

A Note on the Optimal Structure of Production

Autor(es): Frutos, María Ángeles de; Rocha, J.M. da

Editorial: Elsevier

Fecha de edición: 1999

Cita: Journal of Economic Theory. 1999, vol. 89, nº 2, p. 234-246

ISSN: 0022-0531

DOI: 10.1006/jeth.1999.2569

Revisado: PeerReviewed

Versión del editor: http://dx.doi.org/10.1006/jeth.1999.2569

URI: http://hdl.handle.net/10016/4421

Derechos: ©Elsevier

Resumen:

We analyze the advantages of centralization and decentralization in industries in which production takes place in several stages and the costs are privately observed by the agents in charge of production. We demonstrate that "informational diseconomies" ari [+]

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