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Cooperative Production and Efficiency

Carmen Bevia () and Luis Corchon ()

UFAE and IAE Working Papers from Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC)

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.

Keywords: Cooperative Production; sharing rules; efficiency (search for similar items in EconPapers)
JEL-codes: D29 D6 D78 (search for similar items in EconPapers)
Pages: 17
Date: 2007-04-23
New Economics Papers: this item is included in nep-bec, nep-gth, nep-mic and nep-soc
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Related works:
Journal Article: Cooperative production and efficiency (2009) Downloads
Working Paper: Cooperative Production and Efficiency (2007) Downloads
Working Paper: Cooperative production and efficiency (2007) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:aub:autbar:696.07

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