Mixed sharing rules
It is wellknown that a group of individuals contributing to a joint production process with diminishing returns will tend, in equilibrium, to put in too little effort if shares of the output are exogenous, and will put in too much effort if their shares are proportional to their inputs. We consider 'mixed' sharing rules, in which some proportion of the output will be shared exogenously, and the rest proportionally. We examine the efficiency properties of such rules, compare them with serial sharing rules, and suggest a sharing game whose noncooperative equilibrium is, in certain circumstances, Pareto efficient
|Date of creation:||11 Aug 2004|
|Date of revision:|
|Contact details of provider:|| Phone: 1 212 998 3820|
Fax: 1 212 995 4487
Web page: http://www.econometricsociety.org/pastmeetings.asp
More information through EDIRC
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.:
- Moulin, Herve & Shenker, Scott, 1992. "Serial Cost Sharing," Econometrica, Econometric Society, vol. 60(5), pages 1009-37, September.
- Richard Cornes & Roger Hartley, 2002.
"Dissipation in Rent-seeking Contests with Entry Costs,"
Keele Economics Research Papers
KERP 2002/11, Centre for Economic Research, Keele University.
- Richard Cornes & Roger Hartley, 2002. "Dissipation in Rent-seeking Contests with Entry Costs," Game Theory and Information 0211001, EconWPA.
- Bergstrom, Theodore & Blume, Lawrence & Varian, Hal, 1986. "On the private provision of public goods," Journal of Public Economics, Elsevier, vol. 29(1), pages 25-49, February.
- Cauley, Jon & Cornes, Richard & Sandler, Todd, 1999.
"Stakeholder incentives and reforms in China's state-owned enterprises: A common-property theory,"
China Economic Review,
Elsevier, vol. 10(2), pages 191-206.
- Cauley, Jon & Cornes, Richard & Sandler, Todd, 1999. "Stakeholder Incentives and Reforms in China's State-Owned Enterprises: A Common-Property Theory," Staff General Research Papers 1670, Iowa State University, Department of Economics.
- Richard Cornes & Todd Sandler & Jon Cauley, 1998. "Stakeholder Incentives and Reforms in China’s State-Owned Enterprises: A Common-Property Theory," Keele Department of Economics Discussion Papers (1995-2001) 98/11, Department of Economics, Keele University.
- Watts, Alison, 2002. "Uniqueness of equilibrium in cost sharing games," Journal of Mathematical Economics, Elsevier, vol. 37(1), pages 47-70, February.
- Corchon, Luis C. & Puy, M. Socorro, 1998. "Individual rationality and voting in cooperative production," Economics Letters, Elsevier, vol. 59(1), pages 83-90, April.
- Cornes, Richard & Sandler, Todd, 1983. "On Commons and Tragedies," American Economic Review, American Economic Association, vol. 73(4), pages 787-92, September.
- Watts, Alison, 1996. "On the Uniqueness of Equilibrium in Cournot Oligopoly and Other Games," Games and Economic Behavior, Elsevier, vol. 13(2), pages 269-285, April.
- Champsaur, Paul & Laroque, Guy, 1981. "Fair allocations in large economies," Journal of Economic Theory, Elsevier, vol. 25(2), pages 269-282, October.
When requesting a correction, please mention this item's handle: RePEc:ecm:ausm04:196. 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: (Christopher F. Baum)
If references are entirely missing, you can add them using this form.