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Reallocating water : an application of sequential sharing rules to Cyprus

Ansink, Erik; Marchiori, Carmen - 2009

We present an axiomatic approach to the reallocation of water rights among economic sectors. Reallocation may be appropriate when the current schedule of water allocation is considered unfair. Our proposed approach is based on the combination of initial water rights, sectors' claims to water,...

Persistent link: https://www.econbiz.de/10008840028

Sequential sharing rules for river sharing problems

Ansink, Erik; Weikard, Hans-Peter - 2009

We analyse the redistribution of a resource among agents who have claims to the resource and who are ordered linearly. A well known example of this particular situation is the river sharing problem. We exploit the linear order of agents to transform the river sharing problem to a sequence of...

Persistent link: https://www.econbiz.de/10008840051

Secure implementation in economies with indivisible objects and money

Fujinaka, Yuji (contributor); Wakayama, Takuma (contributor) - 2007

This paper studies the application of the notion of secure implementation (Cason, Saijo, Sj¨ostr¨om, and Yamato, 2006; Saijo, Sj¨ostr¨om, and Yamato, 2007) to the problem of allocating indivisible objects with monetary transfers. We propose a new domain-richness condition, termed as minimal...

Persistent link: https://www.econbiz.de/10003556299

Fixed-step anonymous overtaking and catching-up

Asheim, Geier B.; Banerjee, Kuntal - In: International journal of economic theory 6 (2010) 1, pp. 149-165

Persistent link: https://www.econbiz.de/10003947387

A complete and strongly anonymous leximin relation on infinite streams

Asheim, Geir B.; Zuber, Stéphane - 2011

Various extensions of the leximin order to the infinite dimensional setting have been suggested. They relax completeness and strong anonymity. Instead, by removing sensitivity to generations at infinite rank this paper defines a complete and strongly anonymous leximin relation on infinite...

Persistent link: https://www.econbiz.de/10009301142

Bargaining and negotiations : what should experimentalists explore more thoroughly?

Güth, Werner - 2011

A long time ago most economists would have limited themselves to stating that agreements should be individually rational and efficient and that selecting a specific agreement from that set depends on bargaining and negotiation power whatever that may be. Nowadays hardly any economist will argue...

Persistent link: https://www.econbiz.de/10008989998

Procedurally fair provision of public projects : an axiomatic characterization

Güth, Werner; Kliemt, Hartmut - 2011

Unanimous voting as the fundamental procedural source of political legitimacy grants veto power to each individual. We present an axiomatic characterization of a class of bidding processes to spell out the underlying egalitarian values for collective projects of a "productive state". At heart of...

Persistent link: https://www.econbiz.de/10008990916

Collectively ranking candidates : an axiomatic approach

Güth, Werner - 2011

Different evaluators typically disagree how to rank different candidates since they care more or less for the various qualities of the candidates. It is assumed that all evaluators submit vector bids assigning a monetary bid for each possible rank order. The rules must specify for all possible...

Persistent link: https://www.econbiz.de/10008991294

A causal measure of freedom

Rommeswinkel, Hendrik - 2011

The paper axiomatizes a freedom measure based on the idea that an agent is free if she can causally influence relevant … opportunity set based measures. The measure solves two fundamental problems of the literature on freedom of choice: The … integration of freedom and welfare into a single measure and the difficulty of interpreting opportunity sets in situations where …

Persistent link: https://www.econbiz.de/10009247435

Inequality reducing properties of progressive income tax schedules : the case of endogenous income

Carbonell-Nicolau, Oriol; Llavador, Humberto G. - 2015

The case for progressive income taxation is often based on the classic result of Jakobsson (1976) and Fellman (1976), according to which progressive and only progressive income taxes--in the sense of increasing average tax rates on income—ensure a reduction in income inequality. This result...

Persistent link: https://www.econbiz.de/10011398359