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Sharing the proceeds from a hierarchical venture

Author

Listed:
  • Jens Leth HOUGAARD
  • Juan D. MORENO-TERNERO
  • Mich TVEDE
  • Lars Peter OSTERDAL

Abstract

We consider the problem of distributing the proceeds generated from a joint venture in which the participating agents are hierarchically organized. We introduce and characterize a family of allocation rules where revenue ‘bubbles up’ in the hierarchy. The family is flexible enough to accommodate a no-transfer rule (where no revenue bubbles up) and a full-transfer rule (where all the revenues bubble up to the top of the hierarchy). Intermediate rules within the family are reminiscent of popular incentive mechanisms for social mobilization. Our benchmark model refers to the case of linear hierarchies, but we also extend the analysis to the case in which hierarchies may convey a general tree structure and include joint ownerships.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Jens Leth HOUGAARD & Juan D. MORENO-TERNERO & Mich TVEDE & Lars Peter OSTERDAL, 2017. "Sharing the proceeds from a hierarchical venture," LIDAM Reprints CORE 2828, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    • Handle: RePEc:cor:louvrp:2828
    Note: In : Games and Economic Behavior, 102, 98-110, 2017
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    JEL classification:

    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
    • I10 - Health, Education, and Welfare - - Health - - - General

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