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An Axiomatization of the Serial Cost‐Sharing Method
Author(s) -
Sprumont Yves
Publication year - 2010
Publication title -
econometrica
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 16.7
H-Index - 199
eISSN - 1468-0262
pISSN - 0012-9682
DOI - 10.3982/ecta9019
Subject(s) - axiom , monotonic function , property (philosophy) , key (lock) , mathematical economics , group (periodic table) , cost sharing , mathematics , computer science , medicine , computer security , mathematical analysis , philosophy , chemistry , geometry , organic chemistry , epistemology , nursing
We offer an axiomatization of the serial cost‐sharing method of Friedman and Moulin (1999). The key property in our axiom system is Group Demand Monotonicity, asking that when a group of agents raise their demands, not all of them should pay less.