Axiomatization of ratio equilibria in public good economies |
| |
| Authors: | Anne van den Nouweland S. Tijs Myrna H. Wooders |
| |
| Affiliation: | (1) Department of Economics, University of Oregon, Eugene, OR 97403-1285, USA (e-mail: annev@oregon.uoregon.edu), US;(2) Department of Econometrics and CentER for Economic Research, Tilburg University, P.O. Box 90153, 5000 LE Tilburg, The Netherlands (e-mail: S.H.Tijs@KUB.NL), NL;(3) Department of Economics, University of Warwick, Coventry CV4 7AL, UK (e-mail: M.Wooders@warwick.ac.uk), GB |
| |
| Abstract: | ![]()
Using consistency properties, we characterize the cost-sharing scheme arising from the ratio equilibrium concept for economies with public goods. The characterization turns out to be surprisingly simple and direct. In contrast to most axiomatic characterizations based on reduced games and consistency properties, our characterization requires that in the reduced game, the players take as given the proportions of the costs paid by the members of the complementary player set, rather than their utility levels. Received: 4 July 1996/Accepted: 28 March 2001 |
| |
| Keywords: | |
| 本文献已被 SpringerLink 等数据库收录！ |
|
