An Experimental Evaluation of the Serial Cost Sharing Rule

Laura Razzolini (), Michael Reksulak and Robert Dorsey
Additional contact information
Michael Reksulak: Georgia Southern University
Robert Dorsey: FNC, Inc.

No 402, Working Papers from VCU School of Business, Department of Economics

Abstract: This paper proposes an experimental test of the strategic equilibrium properties of the serial cost sharing rule originally proposed by Shenker (1990) and then analyzed by Moulin and Shenker (1992). We report measure of the performance and efficiency of the serial mechanism by comparing the choices and payoffs attained by the subjects to the expected first best allocations. Experimental evidence shows that, while some learning is needed, the serial mechanism leads to almost efficient allocations.

Pages: 24 pages
Date: 2004-11
New Economics Papers: this item is included in nep-exp and nep-ias
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Citations: View citations in EconPapers (3)

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http://www.people.vcu.edu/~lrazzolini/serial.pdf This version, 2004 (application/pdf)

Related works:
Journal Article: An Experimental Evaluation of the Serial Cost Sharing Rule (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:vcu:wpaper:0402

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