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.
Journal
EconometricaVolume
78Pagination
1711-1748Location
Chichester, Eng.ISSN
0012-9682eISSN
1468-0262Language
engNotes
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. Copyright 2010 The Econometric Society.Publication classification
C1 Refereed article in a scholarly journalCopyright notice
2010, Econometric SocietyIssue
5Publisher
Wiley-Blackwell Publishing
