Additivity, Bounds, and Continuity in Budget Distribution Problem

In this paper, we consider the budget distribution problems defined by Herrero et al. [1999]. We provide axiomatic characterizations of the rights-weighted solution, introduced by Bergantinos and Mendez-Naya [1999], and pseudo rights-weighted solution both of which are generalizations of the right-egalitarian solution due to Herrero et al.. The functional equation approach produces sharper results with simpler proofs.

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Year of publication:	2001-12
Authors:	Shinotsuka, Tomoichi
Institutions:	Department of Economics, Otaru University of Commerce
Subject:	Budget distribution problem \| rights-egalitarian solution \| rights-weighted solution \| pseudo rights-weighted soluition \| additivity

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Extent:	application/pdf
Series:	ビジネス創造センターディスカッション・ペーパー (Discussion papers of the Center for Business Creation).
Type of publication:	Book / Working Paper
Notes:	Published in Discussion paper series (2001), 76: 1-6 6 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010604756