Remarks on the proportional distribution in increasing return to scale problems
| dc.contributor.author | Di Luca, Camilla | |
| dc.contributor.author | Izquierdo Aznar, Josep Maria | |
| dc.contributor.author | Rafels, Carles | |
| dc.date.accessioned | 2017-02-16T11:45:15Z | |
| dc.date.available | 2017-02-16T11:45:15Z | |
| dc.date.issued | 2013-12 | |
| dc.date.updated | 2017-02-16T11:45:15Z | |
| dc.description.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. | |
| dc.format.extent | 10 p. | |
| dc.format.mimetype | application/pdf | |
| dc.identifier.idgrec | 637113 | |
| dc.identifier.issn | 1545-2921 | |
| dc.identifier.uri | https://hdl.handle.net/2445/107053 | |
| dc.language.iso | eng | |
| dc.publisher | Economics Bulletin | |
| dc.relation.isformatof | Reproducció del document publicat a: http://www.accessecon.com/includes/CountdownloadPDF.aspx?PaperID=EB-13-00444 | |
| dc.relation.ispartof | Economics Bulletin , 2013, vol. 33, num. 4, p. 2938-2947 | |
| dc.rights | (c) Di Luca, Camilla et al., 2013 | |
| dc.rights.accessRights | info:eu-repo/semantics/openAccess | |
| dc.source | Articles publicats en revistes (Matemàtica Econòmica, Financera i Actuarial) | |
| dc.subject.classification | Teoria de jocs | |
| dc.subject.classification | Equilibri (Economia) | |
| dc.subject.classification | Competència econòmica | |
| dc.subject.classification | Economia matemàtica | |
| dc.subject.other | Game theory | |
| dc.subject.other | Equilibrium (Economics) | |
| dc.subject.other | Competition | |
| dc.subject.other | Mathematical economics | |
| dc.title | Remarks on the proportional distribution in increasing return to scale problems | |
| dc.type | info:eu-repo/semantics/article | |
| dc.type | info:eu-repo/semantics/publishedVersion |
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