Cooperative production and efficiency
AbstractWe 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.
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Bibliographic InfoArticle provided by Elsevier in its journal Mathematical Social Sciences.
Volume (Year): 57 (2009)
Issue (Month): 2 (March)
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Web page: http://www.elsevier.com/locate/inca/505565
Cooperative production Efficiency Incentives;
Other versions of this item:
- Carmen Bevia & Luis C. Corchon, 2007. "Cooperative production and efficiency," Economics Working Papers we070502, Universidad Carlos III, Departamento de Economía.
- Carmen Bevià & Luis C. Corchón, 2007. "Cooperative Production and Effciency," Working Papers 305, Barcelona Graduate School of Economics.
- Carmen Beviá & Luis C. Corchón, 2007. "Cooperative Production and Efficiency," UFAE and IAE Working Papers 696.07, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- D29 - Microeconomics - - Production and Organizations - - - Other
- D6 - Microeconomics - - Welfare Economics
- D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
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