Showing 1 - 10 of 36
For the problem of adjudicating conflicting claims, we consider the requirement that each agent should receive at least 1/n his claim truncated at the amount to divide, where n is the number of claimants (Moreno-Ternero and Villar, 2004a). We identify two families of rules satisfying this bound....
Persistent link: https://www.econbiz.de/10005808185
It is shown that for a `complex economy', characterised in terms of a formal dynamical system capable of computation universality, it is impossible to devise an effective theory of policy.
Persistent link: https://www.econbiz.de/10008543374
Persistent link: https://www.econbiz.de/10005465245
We study the behavior of rules for the adjudication of con°icting claims when there are a large number of claimants with small claims. We model such situations by replicating some basic problem. We show that under replication, the random arrival rule (O'Neill, 1982) behaves like the...
Persistent link: https://www.econbiz.de/10005808145
For the problem of adjudicating conflicting claims, we offer simple criteria to compare rules on the basis of the Lorenz order. These criteria pertain to three families of rules. The first family contains the constrained equal awards, constrained equal losses, Talmud, and minimal overlap rules...
Persistent link: https://www.econbiz.de/10005808161
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/10011151335
We study claims problems with indivisible goods. Due to indivisibilities, in certain situations, two agents with equal claims may have to receive unequal amounts. Our main goal is to find rules that deal with these situations in a consistent way. We propose three “systematic favorability”...
Persistent link: https://www.econbiz.de/10011151954
Persistent link: https://www.econbiz.de/10008925165
ABSTRACT: When allocating a resource, geographical and infrastructural constraints have to be taken into account. We study the problem of distributing a resource through a network from sources endowed with the resource to citizens with claims. A link between a source and an agent depicts the...
Persistent link: https://www.econbiz.de/10010763247
An extension of the standard rationing model is introduced. Agents are not only identi fied by their respective claims over some amount of a scarce resource, but also by some payoff thresholds. These thresholds introduce exogenous differences among agents (full or partial priority, past...
Persistent link: https://www.econbiz.de/10010765986