The P-Value for Cost Sharing in Minimum Cost Spanning Tree Situations

R. Brânzei, S. Moretti, H.W. Norde, S.H. Tijs

Research output: Working paperDiscussion paperOther research output

Abstract

The aim of this paper is to introduce and axiomatically characterize the P-value as a rule to solve the cost sharing problem in minimum cost spanning tree (mcst) situations.The P-value is related to the Kruskal algorithm for finding an mcst.Moreover, the P-value leads to a core allocation of the corresponding mcst game, and when applied also to the mcst subsituations it delivers a population monotonic allocation scheme.A conewise positive linearity property is one of the basic ingredients of an axiomatic characterization of the P-value.
Original languageEnglish
Place of PublicationTilburg
PublisherMicroeconomics
Number of pages16
Volume2003-129
Publication statusPublished - 2003

Publication series

NameCentER Discussion Paper
Volume2003-129

Keywords

  • costs
  • games
  • allocation
  • population

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