Browsing Discussion Papers by Issue Date
Now showing items 1-6 of 6
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The reverse self-dual serial cost-sharing rule
(Departamento de Economía Aplicada IV, UPV-EHU, 2012)In this study we define a cost sharing rule for cost sharing problems. This rule is related to the serial cost-sharing rule defined by Moulin and Shenker (1992). We give some formulas and axiomatic characterizations for ... -
The von Neumann-Morgenstern stable sets for 2x2 games
(Departamento de Fundamentos del Análisis Económico IDepartamento de Economía Aplicada IV, 2012-11)We analyze the von Neumann and Morgenstern stable sets for the mixed extension of 2 2 games when only single profitable deviations are allowed. We show that the games without a strict Nash equilibrium have a unique vN&M ... -
Intermediate serial cost-sharing rules
(Departamento de Economía Aplicada IV, UPV/EHU, 2014)In this paper we give a generalization of the serial cost-sharing rule defined by Moulin and Shenker (1992) for cost sharing problems. According to the serial cost sharing rule, agents with low demands of a good pay cost ... -
A common axiom for classical division rules for claims problems
(Departamento de Economía Aplicada IV, UPV/EHU, 2015)In this paper we introduce a new axiom, denoted claims separability, that is satisfied by several classical division rules defined for claims problems. We characterize axiomatically the entire family of division rules that ... -
A potential approach to claims problems
(Departamento de Economía Aplicada IV, UPV/EHU, 2015)Hart and Mas Colell (1989) introduce the potential function for cooperative TU games. In this paper, we extend this approach to claims problems, also known as bankruptcy or rationing problems. We show that for appropriate ... -
The minimal overlap cost sharing rule
(Departamento de Economía Aplicada IV, UPV/EHU, 2015)In this paper we introduce a new cost sharing rule-the minimal overlap cost sharing rule-which is associated with the minimal overlap rule for claims problems defined by O'Neill (1982). An axiomatic characterization is ...