Job displacement, which is defined as an involuntary loss of job due to economic downturns or structural changes, hit millions of workers each year. According to OECD (2013) 2-7 percent of workers are displaced every year. For Sweden, OECD (2013) reports an average displacement rate of about 2...

When legal or social norms allow for more than one way of distributing benefits or obligations, there emerges a problem in practical applications of how to choose one solution from a large number. Depending on the adopted solution, some agents participating in the distribution can enjoy a...