A note on the optimal structure of production
成果类型：
Article
署名作者：
Da Rocha, JM; de Frutos, MA
署名单位：
Universidade de Vigo; Universidad Carlos III de Madrid
刊物名称：
JOURNAL OF ECONOMIC THEORY
ISSN/ISSBN：
0022-0531
DOI：
10.1006/jeth.1999.2569
发表日期：
1999
页码：
234-246
关键词：
摘要：
We analyze the advantages of centralization and decentralization in industries in which production takes place in several stages and the costs are privately observed by the agents in charge of production. We demonstrate that ''informational diseconomies arise when uncorrelated information is concentrated in the hands of a single agent. These diseconomies arise when the stages of production are different activities with different cost supports. Journal of Economic Literature Classification Numbers:D82, L22 L51. (C) 1999 Academic Press.