Efficient Decentralisation with a Transferable Good
研究在代理人非合作选择投入且偏好为私人信息时,何种技术条件能使奖励计划达成高效结果,并刻画了满足条件的(n-1)可加性技术类别。
There are many situations where agents supply input factors and produce a transferable good (money). This paper examines the conditions on technology under which agents can specify reward schedules which lead to an efficient outcome even if inputs are chosen non-cooperatively and preferences are private information. The characterisation of the class of technologies that allows this involves a generalization of additivity known as (n − 1)-additivity.