Compensating Losses and Sharing Surpluses in Project-Allocation Situations

CentER Discussion Paper No. 2004-06

18 Pages Posted: 24 Jun 2004

See all articles by Yuan Ju

Yuan Ju

University of York; Tilburg University

Pieter H. M. Ruys

Tilburg University - CentER

Peter Borm

Tilburg University - Center for Economic Research (CentER); Tilburg University - Department of Econometrics & Operations Research

Date Written: 2004

Abstract

By introducing the notions of projects and shares, this paper studies a class of economic environments, the so-called project-allocation situations, in which society may profit from cooperation, i.e., by reallocating the initial shares of projects among agents. This paper mainly focuses on the associated issues of compensation of losses and surplus sharing arising from the reallocation of projects. For this purpose, we construct and analyze an associated project-allocation game and a related system of games that explicitly models the underlying cooperative process. Specific solution concepts are proposed.

Keywords: Projects, allocation, games

JEL Classification: C71, H70

Suggested Citation

Ju, Yuan and Ruys, Pieter H. M. and Borm, Peter E. M., Compensating Losses and Sharing Surpluses in Project-Allocation Situations (2004). CentER Discussion Paper No. 2004-06, Available at SSRN: https://ssrn.com/abstract=556954 or http://dx.doi.org/10.2139/ssrn.556954

Yuan Ju (Contact Author)

University of York ( email )

Department of Economics and Related Studies
Heslington
York, YO10 5DD
United Kingdom

Tilburg University

P.O. Box 90153
Tilburg, DC Noord-Brabant 5000 LE
Netherlands

Pieter H. M. Ruys

Tilburg University - CentER ( email )

P.O. Box 90153
Tilburg, 5000 LE
Netherlands

Peter E. M. Borm

Tilburg University - Center for Economic Research (CentER) ( email )

P.O. Box 90153
Tilburg, 5000 LE
Netherlands

Tilburg University - Department of Econometrics & Operations Research

Tilburg, 5000 LE
Netherlands

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