Hougaard, Jens Leth; Thorlund-Petersen, Lars - In: Economic Theory 16 (2000) 2, pp. 355-362
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...