The Stand-Alone Test and Decreasing Serial Cost Sharing

The rule of decreasing serial cost sharing defined in de Frutos [1] over the class of concave cost functions may violate the important stand-alone test. Sufficient conditions for the test to be satisfied are given, in terms of individual rationality as well as coalitional stability. These conditions restrict the shape of the cost function and the distribution of demands. Keywords and Phrases: Serial cost sharing, the stand-alone test, the core

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Year of publication:	2001
Authors:	Hougaard, Jens Leth ; Thorlund-Petersen, Lars
Publisher:	[S.l.] : SSRN
Description of contents:	Abstract [papers.ssrn.com]

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Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Economic Theory, Vol. 16, No. 2 Volltext nicht verfügbar
Classification:	D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement ; D78 - Positive Analysis of Policy-Making and Implementation ; C79 - Game Theory and Bargaining Theory. Other
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014150849