Skip to content

Commit

Permalink
[coase] center inserted figures
Browse files Browse the repository at this point in the history
  • Loading branch information
shlff committed Jun 18, 2021
1 parent b07731f commit f833153
Showing 1 changed file with 2 additions and 2 deletions.
4 changes: 2 additions & 2 deletions lectures/coase.md
Original file line number Diff line number Diff line change
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.
Expand Down

1 comment on commit f833153

@github-actions
Copy link

Choose a reason for hiding this comment

The reason will be displayed to describe this comment to others. Learn more.

Please sign in to comment.