The Degree and Cost Adjusted Folk Solution for Minimum Cost Spanning Tree Games

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Abstract

Abstract: In this paper two cost sharing solutions for minimum cost spanning tree problems are introduced, the degree adjusted folk solution and the cost adjusted folk solution. These solutions overcome the problem of the classical reductionist folk solution as they have considerable strict ranking power, without breaking established axioms. As such they provide affirmative answers to open questions, put forward in Bogomolnaia and Moulin (2010) and Bogomolnaia et al. (2010).
Original languageEnglish
Place of PublicationTilburg
PublisherEconometrics
Number of pages14
Volume2013-039
Publication statusPublished - 2013

Publication series

NameCentER Discussion Paper
Volume2013-039

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Keywords

  • cost sharing
  • minimum cost spanning tree games
  • networks

Cite this

Norde, H. W. (2013). The Degree and Cost Adjusted Folk Solution for Minimum Cost Spanning Tree Games. (CentER Discussion Paper; Vol. 2013-039). Tilburg: Econometrics.
Norde, H.W. / The Degree and Cost Adjusted Folk Solution for Minimum Cost Spanning Tree Games. Tilburg : Econometrics, 2013. (CentER Discussion Paper).
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abstract = "Abstract: In this paper two cost sharing solutions for minimum cost spanning tree problems are introduced, the degree adjusted folk solution and the cost adjusted folk solution. These solutions overcome the problem of the classical reductionist folk solution as they have considerable strict ranking power, without breaking established axioms. As such they provide affirmative answers to open questions, put forward in Bogomolnaia and Moulin (2010) and Bogomolnaia et al. (2010).",
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Norde, HW 2013 'The Degree and Cost Adjusted Folk Solution for Minimum Cost Spanning Tree Games' CentER Discussion Paper, vol. 2013-039, Econometrics, Tilburg.

The Degree and Cost Adjusted Folk Solution for Minimum Cost Spanning Tree Games. / Norde, H.W.

Tilburg : Econometrics, 2013. (CentER Discussion Paper; Vol. 2013-039).

Research output: Working paperDiscussion paperOther research output

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AB - Abstract: In this paper two cost sharing solutions for minimum cost spanning tree problems are introduced, the degree adjusted folk solution and the cost adjusted folk solution. These solutions overcome the problem of the classical reductionist folk solution as they have considerable strict ranking power, without breaking established axioms. As such they provide affirmative answers to open questions, put forward in Bogomolnaia and Moulin (2010) and Bogomolnaia et al. (2010).

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KW - minimum cost spanning tree games

KW - networks

M3 - Discussion paper

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BT - The Degree and Cost Adjusted Folk Solution for Minimum Cost Spanning Tree Games

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CY - Tilburg

ER -

Norde HW. The Degree and Cost Adjusted Folk Solution for Minimum Cost Spanning Tree Games. Tilburg: Econometrics. 2013. (CentER Discussion Paper).