The stand-alone test and decreasing serial cost sharing

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The rule of decreasing serial cost sharing defined in de Frutos [1] over the class of concave cost functions may violate the important stand-alone test. Sufficient conditions for the test to be satisfied are given, in terms of individual rationality as well as coalitional stability. These conditions restrict the shape of the cost function and the distribution of demands
Original languageEnglish
JournalEconomic Theory
Volume16
Issue number2
Pages (from-to)355-362
ISSN0938-2259
DOIs
Publication statusPublished - 2000

ID: 149706