Balanced consistency and balanced cost reduction for sequencing problems
This discussion paper resulted in a publication in 'Social Choice and Welfare' , 2012, 38, 519-529. We investigate the implications of imposing balanced consistency and balanced cost reduction in the context of sequencing problems. Balanced consistency requires that the effect on the payoff from the departure of one agent to another agent should be equal between any two agents. On the other hand, balanced cost reduction requires that if one agent leaves a problem, then the total payoffs of the remaining agents should be affected by the amount previously assigned to the leaving agent. We show that the minimal transfer rule is the only rule satisfying efficiency and Pareto indifference together with either one of our two main axioms, balanced consistency and balanced cost reduction.
(This abstract was borrowed from another version of this item.)
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 38 (2012)
Issue (Month): 3 (March)
|Contact details of provider:|| Web page: http://www.springer.com|
|Order Information:||Web: http://www.springer.com/economics/economic+theory/journal/355|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- MISHRA, Debasis & RANGARAJAN, Bharath, 2005.
"Cost sharing in a job scheduling problem,"
CORE Discussion Papers
2005053, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- René van den Brink, 2002.
"An axiomatization of the Shapley value using a fairness property,"
International Journal of Game Theory,
Springer;Game Theory Society, vol. 30(3), pages 309-319.
- van den Brink, J.R., 1999. "An Axiomatization of the Shapley Value Using a Fairness Property," Discussion Paper 1999-120, Tilburg University, Center for Economic Research.
- Thomson, William, 1983. "Problems of fair division and the Egalitarian solution," Journal of Economic Theory, Elsevier, vol. 31(2), pages 211-226, December.
- Youngsub Chun, 2011. "Consistency and monotonicity in sequencing problems," International Journal of Game Theory, Springer;Game Theory Society, vol. 40(1), pages 29-41, February.
- Maniquet, Francois, 2003.
"A characterization of the Shapley value in queueing problems,"
Journal of Economic Theory,
Elsevier, vol. 109(1), pages 90-103, March.
- MANIQUET, François, . "A characterization of the Shapley value in queueing problems," CORE Discussion Papers RP 1662, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Maniquet, F., 2000. "A Characterization of the Shapley Value in Queueing Problems," Papers 222, Notre-Dame de la Paix, Sciences Economiques et Sociales.
- Manipushpak Mitra, 2000.
"Mechanism Design in Queueing Problems,"
Econometric Society World Congress 2000 Contributed Papers
1301, Econometric Society.
- Maurice Salles, 2005. "Social Choice," Post-Print halshs-00337075, HAL.
- Hart, Sergiu & Mas-Colell, Andreu, 1989. "Potential, Value, and Consistency," Econometrica, Econometric Society, vol. 57(3), pages 589-614, May.
- Curiel, I. & Pederzoli, G. & Tijs, S.H., 1989. "Sequencing games," Other publications TiSEM cd695be5-0f54-4548-a952-2, Tilburg University, School of Economics and Management.
- Manipushpak Mitra, 2002.
"Achieving the first best in sequencing problems,"
Review of Economic Design,
Springer;Society for Economic Design, vol. 7(1), pages 75-91.
- Jeroen Suijs, 1996. "On incentive compatibility and budget balancedness in public decision making," Review of Economic Design, Springer;Society for Economic Design, vol. 2(1), pages 193-209, December.
- van den Brink, Rene, 2007. "Null or nullifying players: The difference between the Shapley value and equal division solutions," Journal of Economic Theory, Elsevier, vol. 136(1), pages 767-775, September.
- Curiel, Imma & Pederzoli, Giorgio & Tijs, Stef, 1989. "Sequencing games," European Journal of Operational Research, Elsevier, vol. 40(3), pages 344-351, June.
- Chun, Youngsub, 2006. "A pessimistic approach to the queueing problem," Mathematical Social Sciences, Elsevier, vol. 51(2), pages 171-181, March.
- Youngsub Chun, 2006. "No-envy in queueing problems," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 29(1), pages 151-162, September.
- René Brink & Gerard Laan & Valeri Vasil’ev, 2007. "Component efficient solutions in line-graph games with applications," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 33(2), pages 349-364, November.
When requesting a correction, please mention this item's handle: RePEc:spr:sochwe:v:38:y:2012:i:3:p:519-529. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla)or (Rebekah McClure)
If references are entirely missing, you can add them using this form.