Ordinal Cost Sharing
We ask how the three known mechanisms for solving cost sharing problems with homogeneous cost functions - the value, the proportional, and the serial mechanisms - should be extended to arbitrary problem. We propose the Ordinality axiom, which requires that cost shares be invariante under all transactions preserving the nature of a cost sharing problem.
|Date of creation:||1996|
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- Moulin Herve & Shenker Scott, 1994. "Average Cost Pricing versus Serial Cost Sharing: An Axiomatic Comparison," Journal of Economic Theory, Elsevier, vol. 64(1), pages 178-201, October.
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95-38, Duke University, Department of Economics.
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476, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
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- Haller, Hans, 1994. "Collusion Properties of Values," International Journal of Game Theory, Springer;Game Theory Society, vol. 23(3), pages 261-81.
- Kolpin, Van, 1996. "Multi-Product Serial Cost Sharing: An Incompatibility with the Additivity Axiom," Journal of Economic Theory, Elsevier, vol. 69(1), pages 227-233, April.
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