Team production and constant shre

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概要

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• The author shows how restricitive it is to assume that a sharing rule is budget balancing in the context of team production. The class of budget balancing sharing rules can gain no better joint profit than a much thinner class of those, which the author defines as budget balancing constant shares. Constant share indicates a constant function of the team's income. Each level of the team's performance which is implementable with a budget balancing sharing rules is also implementable with a budget balancing constant share. Fixation of the sum of the shares causes such restrictedness. Two theorems proved or pointed out by Holmstrom(1982) are corollaries of the result.

著者

• 岩田 正隆

  名古屋商科大学

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