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An axiomatic characterization of the Baker-Thompson rule

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  • Fragnelli, Vito
  • Marina, Maria Erminia

Abstract

The airport problem is a widely studied allocation problem, with the aim of providing simple and fair sharing rule for the landing fees. In this note we introduce some fairness criteria and characterize the classical Baker-Thompson allocation rule.

Suggested Citation

  • Fragnelli, Vito & Marina, Maria Erminia, 2010. "An axiomatic characterization of the Baker-Thompson rule," Economics Letters, Elsevier, vol. 107(2), pages 85-87, May.
    • Handle: RePEc:eee:ecolet:v:107:y:2010:i:2:p:85-87
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    References listed on IDEAS

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    1. Hart, Sergiu & Mas-Colell, Andreu, 1989. "Potential, Value, and Consistency," Econometrica, Econometric Society, vol. 57(3), pages 589-614, May.
    2. Rodica Brânzei & Elena Iñarra & Stef Tijs & José Zarzuelo, 2006. "A Simple Algorithm for the Nucleolus of Airport Profit Games," International Journal of Game Theory, Springer;Game Theory Society, vol. 34(2), pages 259-272, August.
    3. SCHMEIDLER, David, 1969. "The nucleolus of a characteristic function game," LIDAM Reprints CORE 44, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    4. Gök Sırma Zeynep Alparslan & Rodica Branzei & Stef Tijs, 2009. "Airport interval games and their Shapley value," Operations Research and Decisions, Wroclaw University of Science and Technology, Faculty of Management, vol. 19(2), pages 9-18.
    5. S.C. Littlechild & G.F. Thompson, 1977. "Aircraft Landing Fees: A Game Theory Approach," Bell Journal of Economics, The RAND Corporation, vol. 8(1), pages 186-204, Spring.
    6. S. C. Littlechild & G. Owen, 1973. "A Simple Expression for the Shapley Value in a Special Case," Management Science, INFORMS, vol. 20(3), pages 370-372, November.
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    Cited by:

    1. Fragnelli, Vito & Gagliardo, Stefano, 2012. "Cooperative models for allocating an object," Economics Letters, Elsevier, vol. 117(1), pages 227-229.
    2. Richard S.J. Tol, 2016. "Distributional Implications of Geoengineering," Working Paper Series 8316, Department of Economics, University of Sussex.
    3. Richard S.J. Tol, 2016. "Distributional Implications of Geoengineering," Working Paper Series 08316, Department of Economics, University of Sussex Business School.
    4. Sylvain Béal & Adriana Navarro-Ramos & Eric Rémila & Philippe Solal, 2023. "Sharing the cost of hazardous transportation networks and the Priority Shapley value," Working Papers hal-04222245, HAL.
    5. Grahame F. Thompson, 2020. "Deal or no deal? Some reflections on the ‘Baker-Thompson rule,’ ‘matching,’ and ‘market design’," Journal of Cultural Economy, Taylor & Francis Journals, vol. 13(5), pages 652-662, September.

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