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Efficiency and equilibria in complementary teams: A comment

โœ Scribed by J.Jude Kline


Book ID
117350216
Publisher
Elsevier Science
Year
1997
Tongue
English
Weight
177 KB
Volume
32
Category
Article
ISSN
0167-2681

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Efficiency in complementary partnerships
โœ Jan Y. Sand ๐Ÿ“‚ Article ๐Ÿ“… 2009 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 199 KB

## Abstract The objective of this paper is to show how efficiency can be implemented in a market with strictly complementary inputs when the productive firms undertake unobservable effort. The observable output is a joint undertaking by a partnership consisting of two types of firms. It is shown th