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[coase] center inserted figures (#68)
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Co-authored-by: mmcky <[email protected]>
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shlff and mmcky authored Jun 24, 2021
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Expand Up @@ -147,7 +147,7 @@ have been undertaken and $t=1$ indicating that the good is complete.
The subcontracting scheme by which tasks are allocated across firms is illustrated in the figure below

```{figure} /_static/lecture_specific/coase/subcontracting.png
:align: center
```

In this example,
Expand All @@ -167,7 +167,7 @@ At this point, production unfolds in the opposite direction (i.e., from upstream
The length of the interval of stages (range of tasks) carried out by firm $i$ is denoted by $\ell_i$.

```{figure} /_static/lecture_specific/coase/allocation.png
:align: center
```

Each firm chooses only its *upstream* boundary, treating its downstream boundary as given.
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