An Axiomatization of the Serial Cost-Sharing Method
Article [Version of Record]
Is part ofCahier de recherche ; #2010-01
Publisher(s)Université de Montréal. Département de sciences économiques.
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.