Consistency and the sequential equal contributions rule for airport problems
Working paper
Issue number:
Youngsub Chun, Ça?atay Kay?, Chun-Hsien Yeh
Publisher:
Maastricht University
Year:
2008
We consider the problem of sharing the cost of a public facility among agents who have di®erent needs for it. We base two charac- terizations of the sequential equal contributions rule on smallest-cost consistency. Namely, (i) the rule is the only rule satisfying equal treatment of equals, independence of all but the smallest-cost, and smallest-cost consistency, and (ii) it is the only rule satisfying equal share lower bound, cost monotonicity, and smallest-cost consistency.