Strong Monotonicity in Surplus Sharing
AbstractWe consider three new axioms for surplus sharing problems. The first is strong monotonicity which says that workers should be rewarded for increases in productivity and the second says that productive workers should receive some compensation. The third requires that the surplus sharing rule should be well defined (and continuous on) the set of threshold functions. We show that none of the standard ``equitable'' mechanisms satisfy either of these axioms and then present a constructive characterization of mechanisms which do. Using this we construct several new mechanisms. These are the Almost Flat mechanism, the Spread Aumann-Shapley mechanism, and the Spread Serial mechanism, which have many desirable properties.
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Bibliographic InfoPaper provided by Rutgers University, Department of Economics in its series Departmental Working Papers with number 199919.
Date of creation: 05 Oct 1999
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- José Alcalde & José Angel Silva, 2000. "- A Procedure For Sharing Recycling Costs," Working Papers. Serie AD 2000-14, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
- Friedman, Eric J., 2002. "Strategic properties of heterogeneous serial cost sharing," Mathematical Social Sciences, Elsevier, vol. 44(2), pages 145-154, November.
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