For the problem of adjudicating conflicting claims, we offer simple criteria to compare rules on the basis of the Lorenz order. These criteria pertain to three families of rules. The first family contains the constrained equal awards, constrained equal losses, Talmud, and minimal overlap rules (Thomson, 2007a). 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. The third family consists of consistent rules (Young, 1987). We also address the issue whether certain operators on the space of rules preserve the Lorenz order.
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Paper provided by University of Rochester - Center for Economic Research (RCER) in its series RCER Working Papers with number
538.
Length: 33 pages Date of creation: Dec 2007 Date of revision: Handle: RePEc:roc:rocher:538
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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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