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We investigate Groves mechanisms for economies where (i) a social outcome specifies a group of winning agents, and (ii) a cost function associates each group with a monetary cost. Infeasible groups and revenue-generating groups are modeled using infinite costs and negative costs, respectively....
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We investigate Groves mechanisms for economies where (i) a social outcome specifies a group of winning agents, and (ii) a cost function associates each group with a monetary cost. In particular, we characterize both (i) the class of cost functions for which there are Groves mechanisms such that...
Persistent link: https://www.econbiz.de/10014325270
We study cost-sharing rules in network problems where agents seek to ship quantities of some good to their respective locations, and the cost on each arc is linear in the flow crossing it. In this context, Core Selection requires that each subgroup of agents pay a joint cost share that is not...
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We study three remarkable cost sharing rules in the context of shortest path problems, where agents have demands that can only be supplied by a source in a network. The demander rule requires each demander to pay the cost of their cheapest connection to the source. The supplier rule charges to...
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