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We consider the problem of adjudicating conflicting claims in the context of a variable population. A property of rules is "lifted" if whenever a rule satisfies it in the two-claimant case, and the rule is bilaterally consistent, it satisfies it for any number of claimants. We identify a number...
Persistent link: https://www.econbiz.de/10005503960
We consider the problem of adjudicating conflicting claims, and characterize the family of rules satisfying four standard invariance requirements, homogeneity, two composition properties, and consistency. It takes as point of departure the characterization of the family of two-claimant rules...
Persistent link: https://www.econbiz.de/10005503962
We consider the problem of adjudicating conflicting claims in the context of a variable population. A property of rules is "lifted" if whenever a rule satisfies it in the two-claimant case, and the rule is bilaterally consistent, it satisfies it for any number of claimants. We identify a number...
Persistent link: https://www.econbiz.de/10005521047
We offer a guide to the recent literature on the problem of fair allocation, and we present various concepts that have been developed in this literature and the various economic environments in the context of which they have been analyzed.
Persistent link: https://www.econbiz.de/10005436136
This is a study of the axiomatic method and its recent applications to game theory and resource allocation. It begins with a user's guide. This guide first describes the components of an axiomatic study, discusses the logical and conceptual independence of the axioms in a characterization,...
Persistent link: https://www.econbiz.de/10005369350
Persistent link: https://www.econbiz.de/10005369355
The objective of this paper is to describe various applications of a requirement of solidarity pertaining to situations in which the preferences of some of the agents may change. It says that the welfares of all agents whose preferences are fixed should be affected in the same direction: they...
Persistent link: https://www.econbiz.de/10005369465
The property of "monotonicity" is necessary, and in many contexts, sufficient, for a solution to be Nash implementable (Maskin 1977). In this paper, we follow Sen (1995) and evaluate the extent to which a solution may fail monotonicity by identifying the minimal way in which it has to be...
Persistent link: https://www.econbiz.de/10005370559
Persistent link: https://www.econbiz.de/10005370646
Persistent link: https://www.econbiz.de/10005370929