Axiomatization of ratio equilibria in public good economies
van den Nouweland, Anne , Tijs, S. and Wooders, Myrna H.. (2002) Axiomatization of ratio equilibria in public good economies. Social Choice and Welfare, 19 (3). pp. 627-636. ISSN 0176-1714Full text not available from this repository.
Official URL: http://dx.doi.org/10.1007/s003550100141
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.
|Item Type:||Journal Article|
|Subjects:||H Social Sciences > HC Economic History and Conditions
H Social Sciences
|Divisions:||Faculty of Social Sciences > Economics|
|Journal or Publication Title:||Social Choice and Welfare|
|Official Date:||July 2002|
|Number of Pages:||10|
|Page Range:||pp. 627-636|
|Access rights to Published version:||Restricted or Subscription Access|
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