• Title of article

    Individual rationality and voting in cooperative production

  • Author/Authors

    Luis C. Corchon، نويسنده , , M. Socorro Puy، نويسنده ,

  • Issue Information
    روزنامه با شماره پیاپی سال 1998
  • Pages
    8
  • From page
    83
  • To page
    90
  • Abstract
    Suppose that a group of individuals owns collectively a technology which produces a consumption good from an input. A sharing rule associates input contributions with a vector of consumption. We consider sharing rules that are a convex combination of the Proportional, the Equal Share and the Equal Benefit Rules. We characterize the subset of sharing rules that satisfy Pareto efficiency and individual rationality. We also study the outcome of majority voting on this subselection of sharing rules.
  • Keywords
    Sharing rule , individual rationality , Voting
  • Journal title
    Economics Letters
  • Serial Year
    1998
  • Journal title
    Economics Letters
  • Record number

    434531