Cost allocation and airport problems

William Thomson

No 537, RCER Working Papers from University of Rochester - Center for Economic Research (RCER)

Abstract: We consider the problem of dividing the cost of a facility when agents can be ordered in terms of the need they have for it, and accommodating an agent with a certain need allows accommodating all agents with lower needs at no extra cost. This problem is known as the “airport problem”, the facility being the runway. We review the literature devoted to its study, and formulate a number of open questions.

Keywords: airport problem; monotonicity; consistency; core; Shapley value; nucleolus. (search for similar items in EconPapers)
Pages: 45 pages
Date: 2007-12
New Economics Papers: this item is included in nep-gth
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Citations: View citations in EconPapers (35)

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