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Título: | Cooperative Production and Efficiency |
Autor: | Beviá, Carmen; Corchón, Luis C. | Palabras clave: | Cooperative production Sharing rules Efficiency |
Fecha de publicación: | 23-abr-2007 | Serie: | UFAE and IAE Working Papers 696.07 |
Resumen: | 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. | URI: | http://hdl.handle.net/10261/1707 |
Aparece en las colecciones: | (IAE) Informes y documentos de trabajo |
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69607.pdf | 148,06 kB | Adobe PDF | Visualizar/Abrir |
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