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An Axiomatization of the Serial Cost‐Sharing Method |
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| Authors: | Yves Sprumont |
| Abstract: | 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. |
| Keywords: | Cost sharing serial method group demand monotonicity Shapley value |