A Note on Passepartout Problems

Tinbergen Institute Discussion Paper 10-031/1

12 Pages Posted: 23 Mar 2010

See all articles by Arantza Estevez-Fernandez

Arantza Estevez-Fernandez

VU University Amsterdam - Department of Econometrics and Operations Research; Tinbergen Institute

Peter Borm

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

Herbert Hamers

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

Date Written: March 12, 2010

Abstract

This note provides a methodological contribution to the allocation of joint revenues obtained from passepartouts. In a passepartout system a group of service providers offers a passepartout that allows its owners the use of specified services for an unlimited number of times during a fixed period of time. The corresponding allocation problem is then how to share the total joint revenues of the passepartout system adequately among the service providers. Arguments are provided to model a passepartout problem within the framework of bankruptcy and context-specific properties are considered in order to select an appropriate allocation rule.

Keywords: Passepartout problem, bankruptcy problem, allocation rule

JEL Classification: D70

Suggested Citation

Estevez-Fernandez, Arantza and Borm, Peter E. M. and Hamers, Herbert, A Note on Passepartout Problems (March 12, 2010). Tinbergen Institute Discussion Paper 10-031/1. Available at SSRN: https://ssrn.com/abstract=1569547 or http://dx.doi.org/10.2139/ssrn.1569547

Arantza Estevez-Fernandez (Contact Author)

VU University Amsterdam - Department of Econometrics and Operations Research ( email )

De Boelelaan 1105
1081 HV Amsterdam
Netherlands

Tinbergen Institute ( email )

Gustav Mahlerplein 117
Amsterdam, 1082 MS
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

Herbert Hamers

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

P.O. Box 90153
Tilburg, 5000 LE
Netherlands
+31 13 4666 2660 (Phone)

Tilburg University - Department of Econometrics & Operations Research

Tilburg, 5000 LE
Netherlands

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