This paper presents a set of axioms which characterize a family of price mechanisms for consumption goods, including marginal cost prices and Aumann-Shapley prices. By strengthening one of the axioms, marginal cost prices are characterized and by requiring that cost is shared the Aumann-Shapley prices are characterized. A discussion of the economic interpretation of the axioms is also provided.
MLA
Samet, Dov, and Yair Tauman. “The Determination of Marginal Cost Prices under a Set of Axioms.” Econometrica, vol. 50, .no 4, Econometric Society, 1982, pp. 895-910, https://www.jstor.org/stable/1912768
Chicago
Samet, Dov, and Yair Tauman. “The Determination of Marginal Cost Prices under a Set of Axioms.” Econometrica, 50, .no 4, (Econometric Society: 1982), 895-910. https://www.jstor.org/stable/1912768
APA
Samet, D., & Tauman, Y. (1982). The Determination of Marginal Cost Prices under a Set of Axioms. Econometrica, 50(4), 895-910. https://www.jstor.org/stable/1912768
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