Reflecting inequality of claims in gains and losses

Yoichi Kasajima; Rodrigo A. Velez

doi:10.1007/s00199-010-0521-6

Reflecting inequality of claims in gains and losses

Yoichi Kasajima, Rodrigo A. Velez

Research output: Contribution to journal › Article › peer-review

2 Citations (Scopus)

Abstract

We consider the problem of dividing a resource among a group of agents who have conflicting claims on it. We follow the axiomatic approach and investigate the class of rules satisfying claims-inequality and claims-order preservation in gains and losses. We show that these axioms single out the proportional rule when there are more than three agents. This result confirms the central role of this rule and furthers our understanding of it in claims problems.

Original language	English
Pages (from-to)	283-295
Number of pages	13
Journal	Economic Theory
Volume	46
Issue number	2
DOIs	https://doi.org/10.1007/s00199-010-0521-6
Publication status	Published - 2011 Jan 1
Externally published	Yes

Keywords

Claims problems
Inequality preservation
Lorenz domination
Proportional rule

ASJC Scopus subject areas

Economics and Econometrics

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10.1007/s00199-010-0521-6

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AB - We consider the problem of dividing a resource among a group of agents who have conflicting claims on it. We follow the axiomatic approach and investigate the class of rules satisfying claims-inequality and claims-order preservation in gains and losses. We show that these axioms single out the proportional rule when there are more than three agents. This result confirms the central role of this rule and furthers our understanding of it in claims problems.

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KW - Proportional rule

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Reflecting inequality of claims in gains and losses

Abstract

Keywords

ASJC Scopus subject areas

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