Monotonic surplus sharing: characterization results

Moulin, H. (1989) Monotonic surplus sharing: characterization results. Games and Economic Behavior, 1(3), pp. 250-274. (doi:10.1016/0899-8256(89)90012-2)

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Abstract

We consider surplus-sharing problems where both the disagreement utility vector and the feasible utility frontier depend monotonically on an exogenous parameter. We investigate the existence of a monotonic solution to these problems. The two-person case is completely solved. Applications to the cases where the feasible utility set varies in a submodular or supermodular fashion are detailed. With three agents or more a general characterization result is proven in the transferable utility case only.

Item Type:Articles
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Moulin, Professor Herve
Authors: Moulin, H.
College/School:College of Social Sciences > Adam Smith Business School > Economics
Journal Name:Games and Economic Behavior
Publisher:Academic Press
ISSN:0899-8256
ISSN (Online):1090-2473

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