Template-type: ReDif-Paper 1.0
Author-Name: Chun Youngsub 
Author-Name: Kayi Çağatay 
Author-Name: Yeh Chun-Hsien 
Author-workplace-name: METEOR
Title: Consistency and the sequential equal contributions rule for airport problems
Abstract: We consider the problem of sharing the cost of a public facility among agents who have different needs for it. We base two characterizations of the sequential equal contributions rule on smallest-cost consistency. Namely, (i) the rule is the only rule satisfying equal treatment of equals, independence of all but the smallest-cost, and smallest-cost consistency, and (ii) it is the only rule satisfying equal share lower bound, cost monotonicity, and smallest-cost consistency.
Keywords: mathematical economics; 
Series: Research Memoranda
Creation-Date: 2008
Number: 039
File-URL: http://digitalarchive.maastrichtuniversity.nl/fedora/objects/guid:096ace08-5d74-4cb9-a94d-f65006a3be57/datastreams/ASSET1/content
File-Format: application/pdf
File-Size: 262774
Handle: RePEc:unm:umamet:2008039