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Stability of Jurisdiction Structures under the Equal Share and Median Rules
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Journal Article
Stability of Jurisdiction Structures under the Equal Share and Median Rules
2008
Overview
We consider a finite society with of individuals distributed along the real line. The individuals form jurisdictions to consume public projects, equally share their costs and, in addition, bear a transportation cost to the location of the project. We examine a core and Nash notions of stable jurisdiction structures and show that in hedonic games both solution sets could be empty. We demonstrate that in a quasi-hedonic set-up there is a Nash stable partition, but, in general, there are no core stable partitions. We then examine a subclass of societies that admits the existence of both types of stable partitions.
Publisher
Springer,Springer-Verlag,Springer Nature B.V
