Cost Sharing : Efficiency and Implementation.

We study environments where a production process is jointly shared by a finite group of agents. The social decision involves the determination of input contribution and output distribution. We define a competitive solution when there is decreasing returns-to-scale and show that it leads to a Pareto optimal outcome.

MoreLess

Year of publication:	1996
Authors:	Kaplan, T-R ; Wettstein, D
Institutions:	Foerder Institute for Economic Research, Eitan Berglas School of Economics
Subject:	ECONOMIC MODELS \| ECONOMIC EQUILIBRIUM \| PRODUCTION \| DECISION MAKING

More details

Series:	Tel Aviv.
Type of publication:	Book / Working Paper
Notes:	23 pages
Classification:	C51 - Model Construction and Estimation ; D58 - Computable and Other Applied General Equilibrium Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005675336