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Sharing sequential values in a network

Ruben Juarez (), Chiu Yu Ko and Jingyi Xue

Journal of Economic Theory, 2018, vol. 177, issue C, 734-779

Abstract: Consider a sequential process where agents have individual values at every possible step. A planner is in charge of selecting steps and distributing the accumulated aggregate values among a number of agents. We model this process by a directed network, whereby each edge is associated with a vector of individual values. This model applies to several new and existing problems, e.g. developing a connected public facility and distributing total values received by surrounding districts, selecting a long-term production project and sharing final profits among partners of a firm, or choosing a machine schedule to serve different tasks and distributing total benefits among task owners.

Keywords: Sequential values; Sharing; Network; Redistribution (search for similar items in EconPapers)
JEL-codes: C72 D44 D71 D82 (search for similar items in EconPapers)
Date: 2018
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Working Paper: Sharing Sequential Values in a Network (2016) Downloads
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Handle: RePEc:eee:jetheo:v:177:y:2018:i:c:p:734-779