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We explore in this paper the axiomatic approach to the problem of sharing the revenue from museum passes. We formalize two models for this problem on the grounds of two different informational bases. In both models, we provide axiomatic rationale for natural rules to solve the problem. We,...
Persistent link: https://www.econbiz.de/10011190613
The division problem under constraints consists of allocating a given amount of an homogeneous and perfectly divisible good among a subset of agents with single-peaked preferences on an exogenously given interval of feasible allotments. We characterize axiomatically the family of extended...
Persistent link: https://www.econbiz.de/10011190617
Tijs et al. (2006) introduce the family of obligation rules in minimum cost spanning tree problems. We prove that obligation rules are closely related with the marginalistic values of the irreducible game. We also provide axiomatic characterizations of obligation rules with two basic...
Persistent link: https://www.econbiz.de/10008494983