| dc.creator |
Beviá, Carmen |
|
| dc.creator |
Corchón, Luis C. |
|
| dc.date |
2007-10-30T13:23:47Z |
|
| dc.date |
2007-10-30T13:23:47Z |
|
| dc.date |
2007-04-23 |
|
| dc.date.accessioned |
2017-01-31T00:57:44Z |
|
| dc.date.available |
2017-01-31T00:57:44Z |
|
| dc.identifier |
http://hdl.handle.net/10261/1707 |
|
| dc.identifier.uri |
http://dspace.mediu.edu.my:8181/xmlui/handle/10261/1707 |
|
| dc.description |
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. |
|
| dc.description |
The first author acknowledges financial support from SEJ2005-01481/ECON and FEDER, 2005SGR-00454, and the Barcelona Economics Program, CREA. The second author acknowledges financial support from SEJ2005-06167/ECON. |
|
| dc.language |
eng |
|
| dc.relation |
UFAE and IAE Working Papers |
|
| dc.relation |
696.07 |
|
| dc.rights |
openAccess |
|
| dc.subject |
Cooperative production |
|
| dc.subject |
Sharing rules |
|
| dc.subject |
Efficiency |
|
| dc.title |
Cooperative Production and Efficiency |
|
| dc.type |
Documento de trabajo |
|