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Two families of rules for the adjudication of conflicting claims

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Author Info
William Thomson () (University of Rochester)

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Abstract

We define two families of rules to adjudicate conflicting claims. The first family contains the constrained equal awards, constrained equal losses, Talmud, and minimal overlap rules. The second family, which also contains the constrained equal awards and constrained equal losses rules, is obtained from the first one by exchanging, for each problem, how well agents with relatively larger claims are treated as compared to agents with relatively smaller claims. In each case, we identify the subfamily of consistent rules.

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File URL: http://rcer.econ.rochester.edu/RCERPAPERS/rcer_535.pdf
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Publisher Info
Paper provided by University of Rochester - Center for Economic Research (RCER) in its series RCER Working Papers with number 535.

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Length: 39 pages
Date of creation: Dec 2007
Date of revision:
Handle: RePEc:roc:rocher:535

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Postal: UNIVERSITY OF ROCHESTER, CENTER FOR ECONOMIC RESEARCH, DEPARTMENT OF ECONOMICS, HARKNESS 231 ROCHESTER NEW YORK 14627 U.S.A.

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Related research
Keywords: claims problems constrained equal awards rule constrained equal losses rule Talmud rule minimal overlap rule ICI rules CIC rules consistency.

Find related papers by JEL classification:
C79 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Other
D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances

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  1. Rene van den Brink & Yukihiko Funaki & Gerard van der Laan, 2008. "The Reverse Talmud Rule for Bankruptcy Problems," Tinbergen Institute Discussion Papers 08-026/1, Tinbergen Institute, revised 27 Mar 2008. [Downloadable!]
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