A new analysis of a simple model of fair allocation

In a recent article, Fragnelli and Gagliardo [Fragnelli, V., Gagliardo, S., (2012). Cooperative models for allocating an object. Economics Letters 117, 227–229] propose several procedures to solve a basic problem of fair allocation. We scrutinize their proposal and contextualize it into recent developments of the literature on bankruptcy problems. Our analysis supports two of the procedures they propose; namely, the Shapley and Talmud rules.

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Year of publication:	2013
Authors:	Moreno-Ternero, Juan D.
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 118.2013, 2, p. 393-395
Publisher:	Elsevier
Subject:	Fair allocation \| Bankruptcy problems \| Bounds \| Shapley \| Talmud

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Type of publication:	Article
Classification:	D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
Source:	RePEc - Research Papers in Economics

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