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Cooperative production and efficiency

  • Beviá, Carmen
  • Corchón, Luis C.

We 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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Article provided by Elsevier in its journal Mathematical Social Sciences.

Volume (Year): 57 (2009)
Issue (Month): 2 (March)
Pages: 143-154

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Handle: RePEc:eee:matsoc:v:57:y:2009:i:2:p:143-154
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/505565

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