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In this paper, we consider the budget distribution problems defined by Herrero et al. [1999]. We provide axiomatic characterizations of the rights-weighted solution, introduced by Bergantinos and Mendez-Naya [1999], and pseudo rights-weighted solution both of which are generalizations of the...
Persistent link: https://www.econbiz.de/10010604756
In this paper, we consider the budget distribution problems defined by Herrero et al. (1999). We provide axiomatic characterizations of the rights-weighted solution, introduced by Bergantinos and Mendez-Naya (1999), and pseudo rights-weighted solution both of which are generalizations of the...
Persistent link: https://www.econbiz.de/10010604757