Browsing Faculté des arts et des sciences – Département de sciences économiques by Subject "Cost sharing"
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Aumann-Shapley Pricing : A Reconsideration of the Discrete Case
(Université de Montréal. Département de sciences économiques., 2004)We reconsider the following cost-sharing problem: agent i = 1,...,n demands a quantity xi of good i; the corresponding total cost C(x1,...,xn) must be shared among the n agents. The Aumann-Shapley prices (p1,...,pn) are given by the Shapley value of ... -
An Axiomatization of the Serial Cost-Sharing Method
(Université de Montréal. Département de sciences économiques., 2009-12)We o¤er an axiomatization of the serial cost-sharing method of Friedman and Moulin (1999). The key property in our axiom system is Group Demand Monotonicity, asking that when a group of agents raise their demands, not all of them should pay less.