A note on revelation of information for joint production

Abstract

If investors' attitudes toward risk are sufficiently similar to admit an efficient sharing rule that is linear, then this rule also provides sufficient incentives for truthful revelation of private information relevant for joint production decisions.

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References

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    Borch K (1962) Equilibrium in a reinsurance market. Econometrica 30:424–444

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    Wilson R (1968) The theory of syndicates. Econometrica 36:119–132

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Research support from the Office of Naval Research contract ONR-N00014-79-C-0685 and the National Science Foundation grants SOC-75-21820 and SES-81-08226 is gratefully acknowledged. This paper was prepared during the term of a Guggenheim Fellowship

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Wilson, R. A note on revelation of information for joint production. Soc Choice Welfare 1, 69–73 (1984). https://doi.org/10.1007/BF00297060

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Keywords

  • Economic Theory
  • Private Information
  • Sharing Rule
  • Joint Production
  • Production Decision