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Relative utilitarianism an improved axiomatisation

DHILLON, Amrita; MERTENS, Jean-François - Center for Operations Research and Econometrics (CORE), … - 1996

In a framework of preferences over lotteries, we show that an axiom system consisting of weakened versions of Arrow's axioms has a unique solution. "Relative Utilitarianism" consists of first normalising individual von Neumann-Morgenstern utilities between 0 and 1 and then summing them. This...

Persistent link: https://www.econbiz.de/10005043190

Dynamic recontracting processes with multiple indivisible goods

BOCHET, Olivier; KLAUS, Bettina; WALZL, Markus - Center for Operations Research and Econometrics (CORE), … - 2007

this process as a (non-empty) solution concept. We show that each core allocation always constitutes a singleton recurrent … stochastically stable allocations: surprisingly, some core allocations are less likely to be final allocations of the dynamic process … than cycles composed of non-core allocations. …

Persistent link: https://www.econbiz.de/10005065432

How to share joint liability: a cooperative game approach

DEHEZ, Pierre; FEREY, Samuel - Center for Operations Research and Econometrics (CORE), … - 2012

define a transferable utility game whose core defines fair judgments. We show that weighted Shapley values define fair …

Persistent link: https://www.econbiz.de/10010610447

On the equivalence between progressive taxation and inequality reduction

JU, Biung-Ghi; MORENO-TERNERO, Juan D. - Center for Operations Research and Econometrics (CORE), … - 2007

We establish the precise connections between progressive taxation and inequality reduction, in a setting where the level of tax revenue to be raised is endogenously fixed and tax schemes are balanced. We show that, in contrast with the traditional literature on taxation, the equivalence between...

Persistent link: https://www.econbiz.de/10005043071

Progressivity, inequality reduction and merging-proofness in taxation

JU, Biung-Ghi; MORENO-TERNERO, Juan D. - Center for Operations Research and Econometrics (CORE), … - 2006

Progressivity, inequality reduction and merging-proofness are three wellknown axioms in taxation. We investigate implications of each of the three axioms through characterizations of several families of taxation rules and their logical relations. We also study the preservation of these axioms...

Persistent link: https://www.econbiz.de/10005043628

The axiomatic approach to the problem of sharing the revenue from bundled pricing

BERGANTINOS, Gustavo; MORENO-TERNERO, Juan - Center for Operations Research and Econometrics (CORE), … - 2014

We explore in this paper the axiomatic approach to the problem of sharing the revenue from bundled pricing. We formalize two models for this problem on the grounds of two different informational bases. In both models, we provide axiomatic rationale for natural rules to solve the problem. We,...

Persistent link: https://www.econbiz.de/10011228292

How to share when context matters: The Möbius value as a generalized solution for cooperative games

BILLOT, Antoine; THISSE, Jean-François - Center for Operations Research and Econometrics (CORE), … - 2002

All quasivalues rest on a set of three basic axioms (efficiency, null player, and additivity), which are augmented with positivity for random order values, and with positivity and partnership for weighted values. We introduce the concept of Moebius value associated with a o sharing system and...

Persistent link: https://www.econbiz.de/10005008640

Stochastic rationality and Möbius inverse

BILLOT, Antoine; THISSE, Jacques-François - Center for Operations Research and Econometrics (CORE), … - 2002

Discrete choice theory is very much dominated by the paradigm of the maximization of a random utility, thus implying that the probability of choosing an alternative in a given set is equal to the sum of the probabilities of all the rankings for which this alternative comes first. This property...

Persistent link: https://www.econbiz.de/10005043196

Stability of jurisdiction structures under the equal share and median rules

BOGOMOLNAIA, Anna; LE BRETON, Michel; SAVVATEEV, Alexei; … - Center for Operations Research and Econometrics (CORE), … - 2005

median resident. We examine a cooperative concept of core stability and a non-cooperative notion of Nash stability of … stable partition, while a core stable partition may still fail to exist. We also consider the equidistant societies and show …

Persistent link: https://www.econbiz.de/10005043420

The egalitarian sharing rule in provision of public projects

BOGOMOLNAIA, Anna; LE BRETON, Michel; SAVVATEEV, Alexei; … - Center for Operations Research and Econometrics (CORE), … - 2005

cost within jurisdiction. We show that these two principles always yield a core-stable partition but a Nash stable …

Persistent link: https://www.econbiz.de/10005043439

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