Showing 1 - 10 of 1,253
This paper starts from a classical fair division situation of allocating an object among a set of agents. The problem is studied from both a cooperative and a bankruptcy point of view, analyzing the fairness properties of the proposed solutions.
Persistent link: https://www.econbiz.de/10010580510
Mediation is a dispute resolution process whereby agents reach a mutually acceptable agreement among different proposals that satisfy a set of principles. This paper provides a natural way of coming to such agreements in claims problems. In our approach, mediation combines (i) a set of fair...
Persistent link: https://www.econbiz.de/10010422245
This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent voluntary redistribution of income or wealth. The theory...
Persistent link: https://www.econbiz.de/10014023678
This chapter studies the theory of value of games with infinitely many players.Games with infinitely many players are models of interactions with many players. Often most of the players are individually insignificant, and are effective in the game only via coalitions. At the same time there may...
Persistent link: https://www.econbiz.de/10014024489
We study allocation rules that are robust to coalitional manipulation by transferring, merging, or splitting individual characteristics among coalition partners (e.g. merging or splitting claims in bankruptcy problems). Coalition formation is restricted by an exogenous network (a non-directed...
Persistent link: https://www.econbiz.de/10011043011
In this paper, we study the immunity of bankruptcy rules to manipulation via merging or splitting agents' claims. We focus on the TAL-family of bankruptcy rules (Moreno-Ternero & Villar, 2006), a one-parameter family encompassing three classical rules: the Talmud (T) rule, the constrained...
Persistent link: https://www.econbiz.de/10005081064
In a recent article, Fragnelli and Gagliardo [Fragnelli, V., Gagliardo, S., (2012). Cooperative models for allocating an object. Economics Letters 117, 227–229] propose several procedures to solve a basic problem of fair allocation. We scrutinize their proposal and contextualize it into recent...
Persistent link: https://www.econbiz.de/10010608091
We explore the relationship between proportionality and manipulation (via merging or splitting agents' claims) in bankruptcy problems. We provide an alternative proof to the well-known result that, in an unrestricted domain, immunity to manipulation is equivalent to requiring proportional...
Persistent link: https://www.econbiz.de/10004977745
In this paper, we study the immunity of bankruptcy rules to manipulation via merging or splitting agents' claims. We focus on the TAL-family of bankruptcy rules (Moreno-Ternero & Villar, 2005), a one-parameter family encompassing three classical rules: the Talmud (T) rule, the constrained...
Persistent link: https://www.econbiz.de/10005047551
In this paper we address several issues related to collective dichotomous decision-making by means of quaternary voting rules, i.e., when voters may choose between four actions: voting yes, voting no, abstaining and not turning up-which are aggregated by a voting rule into a dichotomous...
Persistent link: https://www.econbiz.de/10009506468