Strategy-proof cost sharing under increasing returns: Improvement of the supremal welfare loss

被引:5
作者
Hashimoto, Kazuhiko [1 ]
Saitoh, Hiroki [2 ]
机构
[1] Osaka Univ, Inst Social & Econ Res, Suita, Osaka 565, Japan
[2] Meiji Gakuin Univ, Fac Econ, Tokyo, Japan
关键词
Strategy-proofness; Cost sharing; Increasing returns; Supremal welfare loss; Average cost pricing; Hybrid rule;
D O I
10.1016/j.geb.2014.12.004
中图分类号
F [经济];
学科分类号
02 ;
摘要
We consider a mechanism design problem in economies with increasing returns. We construct a new class of rules, called w-hybrid rules, and characterize them by strategy-proofness, anonymity, envy-freeness, consumer sovereignty, and non-bossiness. We show that w-hybrid rules improve the supremal welfare loss compared with the average cost pricing rule (Moulin, 1999 and Moulin and Shenker, 2001). (C) 2015 Elsevier Inc. All rights reserved.
引用
收藏
页码:101 / 121
页数:21
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