IDEAS home Printed from https://ideas.repec.org/a/spr/jogath/v31y2002i1p19-28.html
   My bibliography  Save this article

Marginal cost price rule for homogeneous cost functions

Author

Listed:
  • Ori Haimanko

    (Department of Economics, Ben-Gurion University of the Negev, Beer Sheva 84105, Israel)

Abstract

Mirman and Tauman (1982) show that axioms of cost sharing, additivity, rescaling invariance, monotonicity, and consistency uniquely determine a price rule on the class of continuously differentiable cost problems as the Aumann-Shapley price mechanism. Here we prove that standard versions of these axioms determine uniquely the marginal cost price rule on the class of homogeneous and convex cost functions, which are, in addition, continuously differentiable. This result persists even if the cost functons are not required to be convex.

Suggested Citation

  • Ori Haimanko, 2002. "Marginal cost price rule for homogeneous cost functions," International Journal of Game Theory, Springer;Game Theory Society, vol. 31(1), pages 19-28.
    • Handle: RePEc:spr:jogath:v:31:y:2002:i:1:p:19-28
    Note: Received: August 2001
    as

    Download full text from publisher

    File URL: http://link.springer.de/link/service/journals/00182/papers/2031001/20310019.pdf
    Download Restriction: Access to the full text of the articles in this series is restricted
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:jogath:v:31:y:2002:i:1:p:19-28. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.