The stand-alone test and decreasing serial cost sharing

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 conditions restrict the shape of the cost function and the distribution of demands.

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Year of publication:	2000-07-14
Authors:	Hougaard, Jens Leth ; Thorlund-Petersen, Lars
Published in:	Economic Theory. - Springer. - Vol. 16.2000, 2, p. 355-362
Publisher:	Springer
Subject:	Serial cost sharing \| The stand-alone test \| The core

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Extent:	application/pdf
Type of publication:	Article
Notes:	Received: July 29, 1999; revised version: October 4, 1999
Classification:	D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement ; D78 - Positive Analysis of Policy-Making and Implementation ; C79 - Game Theory and Bargaining Theory. Other
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005178749