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property is the proportional allocation of nonseparable contribution (PANSC) value, which allocates the total worth …
Persistent link: https://www.econbiz.de/10012487903
This paper analyzes the allocation of the total toll collected in a highway among its segments. Based on different toll …
Persistent link: https://www.econbiz.de/10013207224
) located along the river. The benefit of each agent depends on the amount of water consumed by the agent. An allocation of the … water among the agents is efficient when it maximizes the total benefits. To sustain an efficient water allocation, the … agents can compensate each other by paying monetary transfers. Every water allocation and transfer schedule yields a welfare …
Persistent link: https://www.econbiz.de/10011381991
In a river claims problem, agents are ordered linearly, and they have both an initial water endowment as well as a claim to the total water resource. We provide characterizations of two solutions to this problem, using Composition properties which have particularly relevant interpretations for...
Persistent link: https://www.econbiz.de/10010226544
We survey the economics of transboundary river water allocation, which emerged in the 1960s and has matured over the … attention to the strategic aspects of transboundary river water allocation. These strategic aspects are captured by employing … game theory to assess the economics of transboundary river water allocation in a simple model of river sharing. This model …
Persistent link: https://www.econbiz.de/10010412473
). Finally, adding a consistency axiom, the two optimal rules are characterized in the general domain of allocation rules for two …
Persistent link: https://www.econbiz.de/10011901866
Many economic organizations have some relational structure, meaning that economic agents do not only differ with respect to certain individual characteristics such as wealth and preferences, but also belong to some relational structure in which they usually take different positions. Two examples...
Persistent link: https://www.econbiz.de/10011349197
Persistent link: https://www.econbiz.de/10000944381
In two-sided markets with money, core stability and marginalism are often in conflict. We reconcile them with two main results. First, we show that in the assignment game (Shapley & Shubik, 1972), the Banzhaf value is core stable if and only if the game is exact. This is surprising for two...
Persistent link: https://www.econbiz.de/10015450613
Consider a group of agents located along a polluted river where every agent must pay a certain cost for cleaning up the polluted river. Following the model of Ni and Wang (2007), we propose the class of α-Local Responsibility Sharing methods, which generalizes the Local Responsibility Sharing...
Persistent link: https://www.econbiz.de/10012511448