The P-value for cost sharing in minimum cost spanning tree situations
AbstractThe aim of this paper is to introduce and axiomatically characterize the P-value as a rule to solve the cost sharing problem in minimum cost spanning tree (mcst) situations.The P-value is related to the Kruskal algorithm for finding an mcst.Moreover, the P-value leads to a core allocation of the corresponding mcst game, and when applied also to the mcst subsituations it delivers a population monotonic allocation scheme.A conewise positive linearity property is one of the basic ingredients of an axiomatic characterization of the P-value.
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Bibliographic InfoPaper provided by Tilburg University in its series Open Access publications from Tilburg University with number urn:nbn:nl:ui:12-142598.
Date of creation: 2004
Date of revision:
Publication status: Published in Theory and Decision (2004) v.56, p.47-61
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Other versions of this item:
- Brânzei, R. & Moretti, S. & Norde, H.W. & Tijs, S.H., 2003. "The P-Value for Cost Sharing in Minimum Cost Spanning Tree Situations," Discussion Paper 2003-129, Tilburg University, Center for Economic Research.
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