An Axiomatization of the Serial Cost-Sharing Method

Yves Sprumont

Econometrica, 2010, vol. 78, issue 5, 1711-1748

Abstract: We offer 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. Copyright 2010 The Econometric Society.

Date: 2010
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Working Paper: An Axiomatization of the Serial Cost-Sharing Method (2010)
Working Paper: An Axiomatization of the Serial Cost-Sharing Method (2010)
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