A new solution to the problem of adjudicating conflicting claims

B-Tier
Journal: Economic Theory
Year: 2006
Volume: 28
Issue: 2
Pages: 283-307

Authors (2)

Diego Dominguez (not in RePEc) William Thomson (University of Rochester)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

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. We then formulate the requirement that for each problem, the awards vector should be obtainable in two equivalent ways, (i) directly or (ii) in two steps, first assigning to each claimant his lower bound and then applying the rule to the appropriately revised problem. We show that there is only one rule satisfying this requirement. We name it the “ rule”, as it is obtained by a recursion. We then undertake a systematic investigation of the properties of the rule. Copyright Springer-Verlag Berlin/Heidelberg 2006

Technical Details

RePEc Handle
repec:spr:joecth:v:28:y:2006:i:2:p:283-307
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25