Advanced Search
MyIDEAS: Login to save this paper or follow this series

Cooperative Production and Efficiency

Contents:

Author Info

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 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.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://pareto.uab.es/wp/2007/69607.pdf
Download Restriction: no

Bibliographic Info

Paper provided by Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC) in its series UFAE and IAE Working Papers with number 696.07.

as in new window
Length: 17
Date of creation: 23 Apr 2007
Date of revision:
Handle: RePEc:aub:autbar:696.07

Contact details of provider:
Postal: 08193, Bellaterra, Barcelona
Phone: 34 93 592 1203
Fax: +34 93 542-1223
Email:
Web page: http://pareto.uab.cat
More information through EDIRC

Related research

Keywords: Cooperative Production; sharing rules; efficiency;

Other versions of this item:

Find related papers by JEL classification:

This paper has been announced in the following NEP Reports:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Rajat Deb & Shinji Ohseto, 1999. "Strategy-proof and individually rational social choice functions for public good economies: A note," Economic Theory, Springer, vol. 14(3), pages 685-689.
  2. Shigehiro Serizawa, 1997. "Strategy-proof and individually rational social choice functions for public good economies," Economic Theory, Springer, vol. 9(2), pages 379-380.
  3. Shasikanta Nandeibam, 2003. "Implementation in teams," Economic Theory, Springer, vol. 22(3), pages 569-581, October.
  4. Justin Leroux, 2006. "Profit sharing in unique Nash equilibrium: Characterization in the two-agent case," Cahiers de recherche 06-11, HEC Montréal, Institut d'économie appliquée.
  5. Fabella, Raul V., 1988. "Natural team sharing and team productivity," Economics Letters, Elsevier, vol. 27(2), pages 105-110.
  6. Groves, Theodore & Loeb, Martin, 1975. "Incentives and public inputs," Journal of Public Economics, Elsevier, vol. 4(3), pages 211-226, August.
  7. Ohseto, Shinji, 1997. "Strategy-proof mechanisms in public good economies," Mathematical Social Sciences, Elsevier, vol. 33(2), pages 157-183, April.
  8. Leroux, Justin, 2004. "Strategy-proofness and efficiency are incompatible in production economies," Economics Letters, Elsevier, vol. 85(3), pages 335-340, December.
  9. MANIQUET, François & SPRUMONT, Yves, 1998. "Efficient Strategy-Proof Allocation Functions in Linear Production Economies," Cahiers de recherche 9805, Universite de Montreal, Departement de sciences economiques.
  10. Luis Corchón & M. Socorro Puy, 2000. "- Existence And Nash Implementation Of Efficient Sharing Rules For A Commonly Owned Technology," Working Papers. Serie AD 2000-03, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  11. Liqun Liu & Guoqiang Tian, 1999. "A characterization of the existenceof optimal dominant strategy mechanisms," Review of Economic Design, Springer, vol. 4(3), pages 205-218.
  12. Moulin, Herve, 1994. "Serial Cost-Sharing of Excludable Public Goods," Review of Economic Studies, Wiley Blackwell, vol. 61(2), pages 305-25, April.
  13. Browning, M J, 1983. "Efficient Decentralisation with a Transferable Good," Review of Economic Studies, Wiley Blackwell, vol. 50(2), pages 375-81, April.
  14. Pfingsten, Andreas, 1991. "Surplus-sharing methods," Mathematical Social Sciences, Elsevier, vol. 21(3), pages 287-301, June.
  15. Leroux, Jistin, 2004. "Strategy-Proofness and Efficiency Are Incompatible in Production Economies," Working Papers 2004-07, Rice University, Department of Economics.
  16. Leroux, Justin, 2005. "Strategyproof Profit Sharing: A Two-Agent Characterization," Working Papers 2005-04, Rice University, Department of Economics.
  17. Shigehiro Serizawa, 1999. "Strategy-Proof and Symmetric Social Choice Functions for Public Good Economies," Econometrica, Econometric Society, vol. 67(1), pages 121-146, January.
  18. Roemer John E. & Silvestre Joaquim, 1993. "The Proportional Solution for Economies with Both Private and Public Ownership," Journal of Economic Theory, Elsevier, vol. 59(2), pages 426-444, April.
Full references (including those not matched with items on IDEAS)

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:aub:autbar:696.07. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Xavier Vila).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.