Efficiency and equilibria in complementary teams
โ Scribed by Jon Vislie
- Book ID
- 116105890
- Publisher
- Elsevier Science
- Year
- 1994
- Tongue
- English
- Weight
- 517 KB
- Volume
- 23
- Category
- Article
- ISSN
- 0167-2681
No coin nor oath required. For personal study only.
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## 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