Please use this identifier to cite or link to this item:
http://hdl.handle.net/2445/107053
Title: | Remarks on the proportional distribution in increasing return to scale problems |
Author: | Di Luca, Camilla Izquierdo Aznar, Josep Maria Rafels, Carles |
Keywords: | Teoria de jocs Equilibri (Economia) Competència econòmica Economia matemàtica Game theory Equilibrium (Economics) Competition Mathematical economics |
Issue Date: | Dec-2013 |
Publisher: | Economics Bulletin |
Abstract: | We study a cooperative problem where agents contribute a certain amount of input in order to obtain a surplus. We assume that the average surplus with respect to the amount contributed is increasing. Within this basic model, a cooperative game is associated and the proportional distribution arises as a natural core allocation. We describe a necessary and sufficient condition for which the core of the game shrinks to the proportional distribution. Furthermore, we characterize axiomatically the proportional distribution by means of three properties: core-selection, core-invariance and resource monotonicity. Finally, we provide a condition that guarantees that the proportional nucleolus coincides with the proportional solution. |
Note: | Reproducció del document publicat a: http://www.accessecon.com/includes/CountdownloadPDF.aspx?PaperID=EB-13-00444 |
It is part of: | Economics Bulletin , 2013, vol. 33, num. 4, p. 2938-2947 |
URI: | http://hdl.handle.net/2445/107053 |
ISSN: | 1545-2921 |
Appears in Collections: | Articles publicats en revistes (Matemàtica Econòmica, Financera i Actuarial) |
Files in This Item:
File | Description | Size | Format | |
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637113.pdf | 288.12 kB | Adobe PDF | View/Open |
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