Decreasing Serial Cost Sharing: an Axiomatic Characterization

Jens Hougaard () and Lars Peter Østerdal

No 07-02, Discussion Papers from University of Copenhagen. Department of Economics

Abstract: The increasing serial cost sharing rule of Moulin and Shenker [Econometrica 60 (1992) 1009] and the decreasing serial rule of de Frutos [Journal of Economic Theory 79 (1998) 245] have attracted attention due to their intuitive appeal and striking incentive properties. An axiomatic characterization of the increasing serial rule was provided by Moulin and Shenker [Journal of Economic Theory 64 (1994) 178]. This paper gives an axiomatic characterization of the decreasing serial rule.

Keywords: serial cost sharing; cost allocation; axiomatic characterization (search for similar items in EconPapers)
JEL-codes: D23 D71 L24 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2007-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Journal Article: Decreasing serial cost sharing: an axiomatic characterization (2009)
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