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A new concept of consistency for cost sharing solutions is discussed, analyzed, and related to the homonymous property within the rationing context. The class of additive and consistent mechanisms is isomorphic to the class of consistent and monotonic rationing methods. Consequently average and...
Persistent link: https://www.econbiz.de/10014058131
This paper studies collective contests with endogenous cost sharing, general effort costs and intra-group heterogeneity …
Persistent link: https://www.econbiz.de/10013051619
This paper studies collective contests with endogenous cost sharing, general effort costs and intra-group heterogeneity …
Persistent link: https://www.econbiz.de/10010361507
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...
Persistent link: https://www.econbiz.de/10014150849
illustrated by means of two games: a public goods game in which each player simultaneously offers a menu contract to a common …
Persistent link: https://www.econbiz.de/10013058753
We develop a theoretical framework that allows us to study which bilateral links and coalition structures are going to emerge at equilibrium. We define the notion of coalitional network to represent a network and a coalition structure, where the network specifies the nature of the relationship...
Persistent link: https://www.econbiz.de/10008810985
. After introducing these games, the article takes a functional approach to the law of contract formation as determining when …
Persistent link: https://www.econbiz.de/10014190306
The conflict between pro-self and pro-social behaviour is at the core of many key problems of our time, as, for example, the reduction of air pollution and the redistribution of scarce resources. For the well-being of our societies, it is thus crucial to find mechanisms to promote pro-social...
Persistent link: https://www.econbiz.de/10012900728
We establish the precise connections between progressive taxation and inequality reduction, in a setting where the level of tax revenue to be raised is endogenously fixed and tax schemes are balanced. We show that, in contrast with the traditional literature on taxation, the equivalence between...
Persistent link: https://www.econbiz.de/10012726599
We establish the precise connections between progressive taxation and inequality reduction, in a setting where the level of tax revenue to be raised is exogenously fixed and tax schemes are balanced. We show that, in contrast with the traditional literature on taxation, the equivalence between...
Persistent link: https://www.econbiz.de/10012771839