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Please use this identifier to cite or link to this item:
http://hdl.handle.net/10016/3811
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| Title: | Individual rationality and voting in cooperative production |
| Author(s): | Corchón, Luis C. [lcorchon]
Puy, M. Socorro |
| Publisher: | Elsevier |
| Issued date: | 1998 |
| Citation: | Economics Letters. 1998, vol. 59, nº 1, p. 83-90 |
| URI: | http://hdl.handle.net/10016/3811 |
| ISSN: | 0165-1765 |
| DOI: | 10.1016/S0165-1765(98)00027-5 |
| 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. |
| Review: | PeerReviewed |
| Publisher version: | http://dx.doi.org/10.1016/S0165-1765(98)00027-5 |
| Keywords: | Sharing rule
Individual rationality
Voting |
| JEL Classification: | D50
D51
L31
L32
H82
P13 |
| Rights: | & 1998 Elsevier Science S.A. |
| Appears in Collections: | DE - Artículos de Revistas
Economists Online
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