Consistency and the sequential equal contributions rule for airport problems

Youngsub Chun, Kayi, Çağatay and Chun-Hsien Yeh
Authors registered in the RePEc Author Service: Çağatay Kayı ()

No 39, Research Memoranda from Maastricht : METEOR, Maastricht Research School of Economics of Technology and Organization

Abstract: We consider the problem of sharing the cost of a public facility among agents who have different needs for it. We base two characterizations of the sequential equal contributions rule on smallest-cost consistency. Namely, (i) the rule is the only rule satisfying equal treatment of equals, independence of all but the smallest-cost, and smallest-cost consistency, and (ii) it is the only rule satisfying equal share lower bound, cost monotonicity, and smallest-cost consistency.

Keywords: mathematical economics (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-gth
Date: 2008
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