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For the adjudication of conflicting claims, we develop three general approaches to obtain Lorenz rankings of rules. Our first approach concerns a parameterized family that contains several important rules (Thomson in Soc Choice Welf 31:667–692, <CitationRef CitationID="CR28">2008</CitationRef>). We give a condition that the parameters...</citationref>
Persistent link: https://www.econbiz.de/10010993585
We identify previously unnoticed ways in which agents can strategically distort allocation rules, by affecting the set of “active” agents. (i) An agent withdraws with his endowment. (ii) He gives control of his endowment to someone else and withdraws. (iii) He invites someone in and let him...
Persistent link: https://www.econbiz.de/10010998924
A group of agents have claims on a resource, but there is not enough of the resource to honor all of the claims. How should it be divided? We survey the recent game theoretic approaches that have been followed in solving such "claims problems".
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An allocation rule is ‘consistent’ if the recommendation it makes for each problem ‘agrees’ with the recommendation it makes for each associated reduced problem, obtained by imagining some agents leaving with their assignments. Some authors have described the consistency principle as a...
Persistent link: https://www.econbiz.de/10010932083
A group of agents have claims on a resource but there is not enough of it to honor all of the claims. How should it be divided? A group of agents decide to undertake a public project that they can jointly afford. How much should each of them contribute? This essay is an update of Thomson (2003),...
Persistent link: https://www.econbiz.de/10011209790
A group of agents have claims on a resource, but there is not enough of it to honor all of the claims. How should it be divided? A group of agents decide to undertake a public project that they can jointly afford. How much should each of them contribute? This essay is an update of Thomson...
Persistent link: https://www.econbiz.de/10011278938
Building on the pioneering work by the Nobel Memorial Laureate, John Nash, Professor Thomson has brought together a broad selection of seminal articles which analyse and discuss bargaining and the theory of cooperative games. Beginning with a distinguished collection of papers discussing the...
Persistent link: https://www.econbiz.de/10011253984
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