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The worst absolute surplus loss in the problem of commons: random priority versus average cost

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  • Ruben Juarez

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  • Ruben Juarez, 2008. "The worst absolute surplus loss in the problem of commons: random priority versus average cost," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 34(1), pages 69-84, January.
    • Handle: RePEc:spr:joecth:v:34:y:2008:i:1:p:69-84
    DOI: 10.1007/s00199-006-0165-8
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    References listed on IDEAS

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    1. Hervé Crès & Hervé Moulin, 2001. "Scheduling with Opting Out: Improving upon Random Priority," Operations Research, INFORMS, vol. 49(4), pages 565-577, August.
    2. Moulin, Herve & Shenker, Scott, 1992. "Serial Cost Sharing," Econometrica, Econometric Society, vol. 60(5), pages 1009-1037, September.
    3. HervÊ Moulin, 1999. "Incremental cost sharing: Characterization by coalition strategy-proofness," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 16(2), pages 279-320.
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    Citations

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    Cited by:

    1. Hervé Moulin, 2008. "The price of anarchy of serial, average and incremental cost sharing," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 36(3), pages 379-405, September.
    2. Han, Lining & Juarez, Ruben, 2018. "Free intermediation in resource transmission," Games and Economic Behavior, Elsevier, vol. 111(C), pages 75-84.
    3. Kazuhiko Hashimoto & Hiroki Saitoh, 2016. "Strategy-proof rules for an excludable public good," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 46(4), pages 749-766, April.
    4. Juarez, Ruben & Ko, Chiu Yu & Xue, Jingyi, 2018. "Sharing sequential values in a network," Journal of Economic Theory, Elsevier, vol. 177(C), pages 734-779.
    5. Ruben Juarez & Rajnish Kumar, 2013. "Implementing efficient graphs in connection networks," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 54(2), pages 359-403, October.
    6. Juarez, Ruben, 2013. "Group strategyproof cost sharing: The role of indifferences," Games and Economic Behavior, Elsevier, vol. 82(C), pages 218-239.
    7. Moulin, Hervé, 2009. "Almost budget-balanced VCG mechanisms to assign multiple objects," Journal of Economic Theory, Elsevier, vol. 144(1), pages 96-119, January.
    8. Jordi Massó & Antonio Nicoloó & Tridib Sharma & Levent Ülkü, 2013. "On Equal Cost Sharing in the Provision of an Excludable Public Good," Working Papers 1306, Centro de Investigacion Economica, ITAM.
    9. Ruben Juarez & Jung S. You, 2019. "Optimality of the uniform rule under single-peaked preferences," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 7(1), pages 27-36, May.
    10. Hashimoto, Kazuhiko & Saitoh, Hiroki, 2015. "Strategy-proof cost sharing under increasing returns: Improvement of the supremal welfare loss," Games and Economic Behavior, Elsevier, vol. 89(C), pages 101-121.
    11. Massó, Jordi & Nicolò, Antonio & Sen, Arunava & Sharma, Tridib & Ülkü, Levent, 2015. "On cost sharing in the provision of a binary and excludable public good," Journal of Economic Theory, Elsevier, vol. 155(C), pages 30-49.
    12. Karl Jandoc & Ruben Juarez & James Roumasset, 2014. "Towards an Economics of Irrigation Networks," Working Papers 201416, University of Hawaii at Manoa, Department of Economics.
    13. Youngsub Chun & Manipushpak Mitra & Suresh Mutuswami, 2014. "Egalitarian equivalence and strategyproofness in the queueing problem," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 56(2), pages 425-442, June.
    14. Kazuhiko Hashimoto & Kohei Shiozawa, 2018. "Strategy-Proofness and Efficiency of Probabilistic Mechanisms for Excludable Public Good," Working Papers e118, Tokyo Center for Economic Research.
    15. Ruben Juarez & Kohei Nitta & Miguel Vargas, 2020. "Profit-sharing and efficient time allocation," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 70(3), pages 817-846, October.
    16. Harless, Patrick, 2017. "Wary of the worst: Maximizing award guarantees when new claimants may arrive," Games and Economic Behavior, Elsevier, vol. 105(C), pages 316-328.
    17. Yi, Jianxin & Li, Yong, 2016. "A general impossibility theorem and its application to individual rights," Mathematical Social Sciences, Elsevier, vol. 81(C), pages 79-86.

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    More about this item

    Keywords

    Cost-sharing; Increasing marginal cost; Surplus loss; Price of anarchy; C70; D61; D70;
    All these keywords.

    JEL classification:

    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General

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