Showing 1 - 7 of 7
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
For the problem of adjudicating conflicting claims, a rule is consistent if the choice it makes for each problem is always in agreement with the choice it makes for each "reduced problem" obtained by imagining that some claimants leave with their awards and reassessing the situation from the...
Persistent link: https://www.econbiz.de/10005200799
We define two families of rules to adjudicate conflicting claims. The first family contains the constrained equal awards, constrained equal losses, Talmud, and minimal overlap rules. The second family, which also contains the constrained equal awards and constrained equal losses rules, is...
Persistent link: https://www.econbiz.de/10005200805
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
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
We consider the problem of adjudicating conflicting claims in the context of a variable population. A property of rules is "lifted" if whenever a rule satisfies it in the two-claimant case, and the rule is bilaterally consistent, it satisfies it for any number of claimants. We identify a number...
Persistent link: https://www.econbiz.de/10005503960
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/10005503962