Decreasing Serial Cost Sharing: an Axiomatic Characterization

TY - UNPB

T1 - Decreasing Serial Cost Sharing

T2 - an Axiomatic Characterization

AU - Hougaard, Jens Leth

AU - Østerdal, Lars Peter

N1 - JEL Classification: D23, D71, L24

PY - 2007

Y1 - 2007

N2 - The increasing serial cost sharing rule of Moulin and Shenker [Econometrica 60 (1992) 1009] and the decreasing serial rule of de Frutos [Journal of Economic Theory 79 (1998) 245] have attracted attention due to their intuitive appeal and striking incentive properties. An axiomatic characterization of the increasing serial rule was provided by Moulin and Shenker [Journal of Economic Theory 64 (1994) 178]. This paper gives an axiomatic characterization of the decreasing serial rule

AB - The increasing serial cost sharing rule of Moulin and Shenker [Econometrica 60 (1992) 1009] and the decreasing serial rule of de Frutos [Journal of Economic Theory 79 (1998) 245] have attracted attention due to their intuitive appeal and striking incentive properties. An axiomatic characterization of the increasing serial rule was provided by Moulin and Shenker [Journal of Economic Theory 64 (1994) 178]. This paper gives an axiomatic characterization of the decreasing serial rule

KW - Faculty of Social Sciences

KW - serial cost sharing

KW - cost allocation

KW - axiomatic characterization

M3 - Working paper

BT - Decreasing Serial Cost Sharing

PB - Department of Economics, University of Copenhagen

CY - Cph.

ER -