Econometrica: Sep 2010, Volume 78, Issue 5

An Axiomatization of the Serial Cost‐Sharing Method

https://doi.org/10.3982/ECTA9019
p. 1711-1748

Yves Sprumont

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.
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