Arbeitspapier

Optimization Based Characterizations of Cost Sharing Methods

We provide several new characterizations of well known cost sharing methods (CSMs) as maxima of linear (or convex) functionals. For the Shapley-Shubik method the characterization has an interpretation in terms of randomly ordered agents choosing their most preferred CSM, while the characterizations of the Aumann-Shapley and Serial methods have a very general character: any symmetric convex functional which uniquely characterizes a scale invariant CSM must characterize the Aumann-Shapley method, while the identical statement is true for the Serial method when scale invariance is replaced by demand monotonicity.

Language
Englisch

Bibliographic citation
Series: Working Paper ; No. 1999-18

Classification
Wirtschaft
Subject
cost allocation

Event
Geistige Schöpfung
(who)
Friedman, Eric
Event
Veröffentlichung
(who)
Rutgers University, Department of Economics
(where)
New Brunswick, NJ
(when)
1999

Handle
Last update
10.03.2025, 11:45 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Friedman, Eric
  • Rutgers University, Department of Economics

Time of origin

  • 1999

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