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Proportionally adjusted marginal pricing method to share joint costs

Wang, YungTong (2002) Proportionally adjusted marginal pricing method to share joint costs. Review of economic design, 7 (2). pp. 205-211. ISSN 1434-4750

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Abstract

We consider the cost sharing problem with divisible demands of heterogeneous goods. We propose a cost sharing method called Proportionally Adjusted Marginal Pricing (PAMP) method. PAMPis a nonadditive (in the cost function) extension of average cost pricing.We introduce an axiom called Local Independence (LI) and use LI together with Continuity, Proportionality, and Scale Invariance to characterize PAMP.

Item Type:Article
Uncontrolled Keywords:Nonadditive cost sharing methods
Subjects:H Social Sciences > HF Commerce
ID Code:311
Deposited By:Yungtong Wang
Deposited On:10 Jul 2007 03:00
Last Modified:22 Feb 2014 18:51

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