Showing 1 - 8 of 8
This article studies a model of coalition formation for the joint production (and finance) of public projects, in which agents may belong to multiple coalitions. We show that, if projects are divisible, there always exists a stable (secession-proof) structure, i.e., a structure in which no...
Persistent link: https://www.econbiz.de/10008752111
We provide a general coalitional procedure that characterizes a family of rules for bankruptcy problems inspired by the Talmud.
Persistent link: https://www.econbiz.de/10008752112
In a recent paper, Thomson and Yeh [Operators for the adjudication of conflicting claims, Journal of Economic Theory 143 (2008) 177-198] introduced the concept of operators on the space of rules for the problem of adjudicating conflicting claims. They focussed on three operators in order to...
Persistent link: https://www.econbiz.de/10010714285
We analyze a general model of rationing in which agents have baselines, in addition to claims against the (insufficient) endowment of the good to be allocated. Many real-life problems fit this extended model (e.g., bankruptcy with prioritized claims, resource allocation in the public health care...
Persistent link: https://www.econbiz.de/10010903243
We analyze the problem of choosing the most appropriate method for apportioning taxes in a democracy. We consider a simple model of taxation and restrict our attention to piece- wise linear tax methods, which are almost ubiquitous in advanced democracies worldwide. In spite of facing an...
Persistent link: https://www.econbiz.de/10008487466
We investigate how to extend bankruptcy rules to the more general setting in which agentsÕ claims may refer to different issues. We consider two natural procedures and show that, among all bankruptcy rules, the proportional rule is the only one whose extensions according to the two procedures...
Persistent link: https://www.econbiz.de/10008513036
This paper reports an experimental study on three well-known solutions for problems of adjudicating conflicting claims: the constrained equal awards, the proportional, and the constrained equal losses rules. We first let subjects play three games designed such that the unique equilibrium...
Persistent link: https://www.econbiz.de/10008513037
We investigate the implications and logical relations between progressivity (a principle of distributive justice) and merging-proofness (a strategic principle) in taxation. By means of two characterization results, we show that these two principles are intimately related, despite their different...
Persistent link: https://www.econbiz.de/10008513039