Cost Monotonicity, Consistency And Minimum Cost Spanning Tree Games
AbstractWe propose a new cost allocation rule for minimum cost spanning tree games. The new rule is a core selection and also satis…es cost monotonicity. We also give characterization theorems for the new rule as well as the much-studied Bird allocation. We show that the principal di¤erence between these two rules is in terms of their consistency properties.
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Bibliographic InfoPaper provided by University of Warwick, Department of Economics in its series The Warwick Economics Research Paper Series (TWERPS) with number 629.
Length: 36 pages
Date of creation: 2002
Date of revision:
spanning tree ; cost allocation ; core selection ; cost monotonicity ; consistency.;
Other versions of this item:
- Dutta, Bhaskar & Kar, Anirban, 2004. "Cost monotonicity, consistency and minimum cost spanning tree games," Games and Economic Behavior, Elsevier, vol. 48(2), pages 223-248, August.
- Bhaskar Dutta & Anirban Kar, 2002. "Cost monotonicity, consistency and minimum cost spanning tree games," Indian Statistical Institute, Planning Unit, New Delhi Discussion Papers 02-04, Indian Statistical Institute, New Delhi, India.
- D7 - Microeconomics - - Analysis of Collective Decision-Making
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- Hart, Sergiu & Mas-Colell, Andreu, 1989. "Potential, Value, and Consistency," Econometrica, Econometric Society, vol. 57(3), pages 589-614, May.
- Thomson, W., 1998.
"Consistency and its Converse: an Introduction,"
RCER Working Papers
448, University of Rochester - Center for Economic Research (RCER).
- Kar, Anirban, 2002. "Axiomatization of the Shapley Value on Minimum Cost Spanning Tree Games," Games and Economic Behavior, Elsevier, vol. 38(2), pages 265-277, February.
- Peleg, B, 1986. "On the Reduced Game Property and Its Converse," International Journal of Game Theory, Springer, vol. 15(3), pages 187-200.
- Daniel Granot & Michael Maschler, 1998. "Spanning network games," International Journal of Game Theory, Springer, vol. 27(4), pages 467-500.
- Young, H.P., 1994. "Cost allocation," Handbook of Game Theory with Economic Applications, in: R.J. Aumann & S. Hart (ed.), Handbook of Game Theory with Economic Applications, edition 1, volume 2, chapter 34, pages 1193-1235 Elsevier.
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