Glossary of economics research
Results of search for team production follow:
team production:
Defined by Alchian and Demsetz (1972) this way: "Team pproductive
activity is that in which a union, or joint use, of inputs yields a larger
output than the sum of the products of the separately used inputs." (p.
794)
Source: Alchian and Demsetz, 1972, p 794
Contexts: theory of the firm; IO; corporate finance
Back to top