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
Link To Document