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and claims over multiple goods, and the social endowment of each good may not be sufficient to satisfy all individual … claims. We focus on market-based allocation rules that impose a two-step procedure: assignment of rights based on claims …
Persistent link: https://www.econbiz.de/10011538925
and claims over multiple goods, and the social endowment of each good may not be sufficient to satisfy all individual … claims. We focus on market-based allocation rules that impose a two-step procedure: assignment of rights based on claims …
Persistent link: https://www.econbiz.de/10011788896
This paper provides a conceptual framework on fair collective choice rules that synthesizes the studies of Goldman and Sussangkarn (1978) and Suzumura (1981) on the one hand and Tadenuma (2002, 2005) on the other. We show that both frameworks have the following binary relation as a common...
Persistent link: https://www.econbiz.de/10010290399
This paper provides a conceptual framework on fair collective choice rules that synthesizes the studies of Goldman and Sussangkarn (1978) and Suzumura (1981) on the one hand and Tadenuma (2002, 2005) on the other. We show that both frameworks have the following binary relation as a common...
Persistent link: https://www.econbiz.de/10005688265
A bargaining solution balances fairness and efficiency if each player's payoff lies between the minimum and maximum of …, which I generalize. For n>=3, there does not exist any n-person scale-invariant bargaining solution that balances fairness … and efficiency. …
Persistent link: https://www.econbiz.de/10009324194
Persistent link: https://www.econbiz.de/10008631411
claims on a divisible homogeneous good. As part of the characterization, we present two novel axioms which restrict how a …
Persistent link: https://www.econbiz.de/10010753432
We impose the axiom Independence of Irrelevant Alternatives on division rules for the conflicting claims problem. With … given claims vector, the path of awards for that claims vector is simply the monotone path truncated by the claims vector …. Second, a rule is identified with a set of parametric functions indexed by the claimants, and for a given claims problem …
Persistent link: https://www.econbiz.de/10011076672
with single-peaked preferences. We provide a new concept of fairness, called position-wise envy-freeness, that is …
Persistent link: https://www.econbiz.de/10011421471
with single-peaked preferences. We provide a new concept of fairness, called position-wise envy-freeness, that is …
Persistent link: https://www.econbiz.de/10011317289