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
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Friedman, Eric
- Rutgers University, Department of Economics
Time of origin
- 1999