Showing 101 - 110 of 207
Persistent link: https://www.econbiz.de/10008491524
Mirman and Tauman (1982) show that axioms of cost sharing, additivity, rescaling invariance, monotonicity, and consistency uniquely determine a price rule on the class of continuously differentiable cost problems as the Aumann-Shapley price mechanism. Here we prove that standard versions of...
Persistent link: https://www.econbiz.de/10005178860
We introduce a concept of status equilibrium for local public good economies. A status equilibrium specifies one status index for each agent in an economy. These indices determine agents' cost shares in any possible jurisdiction to which the agent might belong. We provide an axiomatic...
Persistent link: https://www.econbiz.de/10005459261
In this paper we propose a method to associate a coalitional interval game with each strategic game. The method is based on the lower and upper values of finite two-person zero-sum games. We axiomatically characterize this new method. As an intermediate step, we provide some axiomatic...
Persistent link: https://www.econbiz.de/10005464113
We define a concept of status equilibrium for local public good economies. A status equilibrium specifies one status index for each agent in an economy. These indices determine agentsÂ’ cost shares in any possible jurisdiction. We provide an axiomatic charaterization of status equilibrium...
Persistent link: https://www.econbiz.de/10005464118
The increasing serial cost sharing rule of Moulin and Shenker [Econometrica 60 (1992) 1009] and the decreasing serial rule of de Frutos [Journal of Economic Theory 79 (1998) 245] have attracted attention due to their intuitive appeal and striking incentive properties. An axiomatic...
Persistent link: https://www.econbiz.de/10005749538
In this paper, we consider production economies with possibly unequal production skills and with possibility of technological innovations, in which resource allocations are determined via bargaining among individuals. We define the Nash bargaining solution as the (bargaining) allocation rule...
Persistent link: https://www.econbiz.de/10005583524
This paper presents and characterizes a two-parameter class of inequality measures that contains the generalized entropy measures, the variance of logarithms, the path independent measures of Foster and Shneyerov (1999) and several new classes of measures. The key axiom is a generalized form of...
Persistent link: https://www.econbiz.de/10005596623
The Hirsch index is a number that synthesizes a researcher's output. It is the maximum number h such that the researcher has h papers with at least h citations each. Woeginger [Woeginger, G. J. (2008a). An axiomatic characterization of the Hirsch-index. Mathematical Social Sciences, 56(2),...
Persistent link: https://www.econbiz.de/10010795062
We consider a cost sharing problem among agents on a line. The problem is closely related to the classic airport game, but in our model agents are characterized by their location, rather than their needed runway length. We characterize a family of cost allocation rules in which agents pay a...
Persistent link: https://www.econbiz.de/10010691315