On the theory of cost sharing |
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Authors: | Professor Shlomo Weber Professor Dr Hans Wiesmeth |
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Institution: | (1) Present address: Department of Economics, York University, 4700 Keele Street, M3J 1P3 North York, Ontario, Canada;(2) Present address: Department of Economic Theory, University of Bonn, Adenauerallee 24-42, D-5300 Bonn 1, Federal Republic of Germany |
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Abstract: | This paper investigates efficiency and equitability issues given a cost sharing method in an economy with a public commodity. We study the concept of a -cost share equilibrium and examine the set of all equilibrium allocations. Finally, we devise a mechanism to implement -cost share equilibria as strong equilibria of an associated non-cooperative game.This paper was written while Shlomo Weber was visiting the University of Bonn. Financial support from theSonderforschungsbereich 303 is gratefully acknowledged. We also would like to thank Dieter Bös for valuable comments. |
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