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

DOI10.1016/J.GEB.2014.12.004MaRDI QIDQ2345238zbMATHOpenAlexFDO

Authors Kazuhiko Hashimoto, Hiroki Saitoh

Publication date 19 May 2015

Published in Games and Economic Behavior (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.geb.2014.12.004

zbMATH Keywords

strategy-proofnesscost sharingincreasing returnsaverage cost pricinghybrid rulesupremal welfare loss

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Resource and cost allocation (including fair division, apportionment, etc.) (91B32)

Recommendations

• The conservative equal costs rule, the serial cost sharing rule and the pivotal mechanism: asymptotic welfare loss comparisons for the case of an excludable public project
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Cites work

• Augmented serial rules for an excludable public good
• Beyond Moulin mechanisms
• Groves' Scheme on Restricted Domains
• Incremental cost sharing: Characterization by coalition strategy-proofness
• Limitations of cross-monotonic cost sharing schemes
• Strategy-proof rules for an excludable public good
• Strategyproof sharing of submodular costs: budget balance versus efficiency
• Strategyproofness, non-bossiness and group strategyproofness in a cost sharing model
• The worst absolute surplus loss in the problem of commons: random priority versus average cost

Cited in

(4)

• Collusion-proof mechanisms for multi-unit procurement
• Wary of the worst: maximizing award guarantees when new claimants may arrive
• Non-bossiness
• Cost sharing under increasing returns: A comparison of simple mechanisms

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