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Atribución-NoComercial-SinDerivadas 3.0 España
Abstract:
We characterize the sharing rule for which a contribution mechanism achieves efficiency in
a cooperative production setting when agents are heterogeneous. The sharing rule bears no
resemblance to those considered by the previous literature. We also show for We characterize the sharing rule for which a contribution mechanism achieves efficiency in
a cooperative production setting when agents are heterogeneous. The sharing rule bears no
resemblance to those considered by the previous literature. 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.[+][-]