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Persistent link: https://www.econbiz.de/10010240270
We consider the problem of adjudicating conflicting claims, and characterize the family of rules satisfying four standard invariance requirements, homogeneity, two composition properties, and consistency. It takes as point of departure the characterization of the family of two-claimant rules...
Persistent link: https://www.econbiz.de/10011049698