The stand-alone test and decreasing serial cost sharing

Jens Leth Hougaard; Lars Thorlund-Petersen

doi:10.1007/PL00004087

The stand-alone test and decreasing serial cost sharing

Authors:

Hougaard, Jens Leth ;
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0000-0002-2910-5741
Section for Production, Markets and Policy, Department of Food and Resource Economics, Faculty of Science, Københavns Universitet
Thorlund-Petersen, Lars
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unknown

DOI:

10.1007/PL00004087

Abstract:

The rule of decreasing serial cost sharing defined in de Frutos [1] over the class of concave cost functions may violate the important stand-alone test. Sufficient conditions for the test to be satisfied are given, in terms of individual rationality as well as coalitional stability. These conditions restrict the shape of the cost function and the distribution of demands

Type:

Journal article

Language:

English

Published in:

Economic Theory, 2000, Vol 16, Issue 2, p. 355-362

Keywords:

Statistiske metoder; Omkostninger

Main Research Area:

Social science

Publication Status:

Published

Review type:

Peer Review

Submission year:

2000

Scientific Level:

Scientific

ID:

5293649

The stand-alone test and decreasing serial cost sharing

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