Showing 1 - 10 of 35
The Boruvka's algorithm, which computes the minimum cost spanning tree, is used to define a rule to share the cost among the nodes (agents). We show that this rule coincides with the folk solution, a very well-known rule of this literature.
Persistent link: https://www.econbiz.de/10015218597
We take the axiomatic approach to uncover the structure of the revenue-sharing problem from broadcasting sports leagues. Our starting point is to explore the implications of three basic axioms: additivity, order preservation and weak upper bound. We show that the combination of these axioms...
Persistent link: https://www.econbiz.de/10015219510
A planner wants to carry out a project involving several firms. In many cases the planner, for instance the Spanish Administration, includes in the contract a penalty clause that imposes a payment per day if the firms do not complete their activities or the project on time. We discuss two ways...
Persistent link: https://www.econbiz.de/10015227147
We study the sharing of revenues raised from the collective sale of broadcasting rights for La Liga, which is strongly regulated by the Spanish government since 2015. Regulation imposes, somewhat surprisingly, that lower bounds and performance measures outweigh the capability (of each club) to...
Persistent link: https://www.econbiz.de/10015228247
Minimum cost spanning tree problems are well known problems in the Operations Research literature. Some agents, located at different geographical places, want a service provided by a common supplier. Agents will be served through costly connections. Some part of the literature has focused,...
Persistent link: https://www.econbiz.de/10015228317
We explore the implications of the principle of monotonicity in the problem of sharing the revenues from broadcasting sports leagues. We formalize different forms of this principle as several axioms for sharing rules. We show that, combined with two other basic axioms (equal treatment of equals...
Persistent link: https://www.econbiz.de/10015232677
We characterize, in minimum cost spanning tree problems, the family of rules satisfying monotonicity over cost and population. We also prove that the set of allocations induced by the family coincides with the irreducible core.
Persistent link: https://www.econbiz.de/10015232907
We consider a problem where a group of agents is interested in some goods provided by a supplier with multiple sources. To be served, each agent should be connected directly or indirectly to all sources of the supplier for a safety reason. This problem generalizes the classical minimum cost...
Persistent link: https://www.econbiz.de/10015262766
We consider a society whose members have to choose not only an outcome from a given set of outcomes but also the subset of agents that will remain members of the society. We study the extensions of approval voting, plurality voting, Borda methods and Condorcet winners to our setting from the...
Persistent link: https://www.econbiz.de/10015262853
Multi-issue allocation situations study problems where we have to divide an estate among a group of agents. The claim of each agent is a vector specifying the amount claimed by each agent on each issue. We present a two-stage rule. First we divide the estate among the issues following the...
Persistent link: https://www.econbiz.de/10015262854