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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
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
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
, we identify the restrictions implied by consistency. …
Persistent link: https://www.econbiz.de/10005200799
standard invariance requirements, homogeneity, two composition properties, and consistency. It takes as point of departure the … consistency on this family and the further implications of this requirement for problems with three or more claimants. The proof …
Persistent link: https://www.econbiz.de/10005503962
Consider the following nine rules for adjudicating conflicting claims: the proportional, constrained equal awards, constrained equal losses, Talmud, Piniles’, constrained egalitarian, adjusted proportional, random arrival, and minimal overlap rules. For each pair of rules in this list, we...
Persistent link: https://www.econbiz.de/10005503865
In this paper, we analyze sequential bankruptcy problems, which generalize bankruptcy problems. They contain the problems of sharing water in a transboundary river and of allocating expedition rewards in projects. We provide three mechanisms for generalizing rules for bankruptcy problems to...
Persistent link: https://www.econbiz.de/10012233950
For the problem of adjudicating conflicting claims, we study lower bounds on the awards of each agent. We propose extending a lower bound by performing the following operation: (i) for each problem, assign the lower bound and revise the problem accordingly; (ii) assign the bound of the revised...
Persistent link: https://www.econbiz.de/10005220160
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
standard invariance requirements, homogeneity, two composition properties, and consistency. It takes as point of departure the … consistency on this family and the further implications of this requirement for problems with three or more claimants. The proof …
Persistent link: https://www.econbiz.de/10011049698