Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/25111
Authors: 
Schöttner, Anja
Deffains, Bruno
Year of Publication: 
2006
Series/Report no.: 
SFB 649 discussion paper 2006,028
Abstract: 
With adverse selection, diseconomies of scale associated with hierarchies may induce the implementation of a second-best technology. This occurs whenever rents to lower tiers of the hierarchy increase faster than total surplus. This is more likely with longer hierarchies.
Subjects: 
Adverse Selection
Hierarchies
Technology
JEL: 
D82
L23
O33
Document Type: 
Working Paper

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