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A unifying framework for the problem of adjudicating conflicting claims

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  • Hougaard, Jens Leth
  • Moreno-Ternero, Juan D.
  • Østerdal, Lars Peter

Abstract

In a recent paper, Thomson and Yeh [Thomson, W., Yeh, C.-H., 2008. Operators for the adjudication of conflicting claims. Journal of Economic Theory 143, 177–198] introduced the concept of operators on the space of rules for the problem of adjudicating conflicting claims. They focused on three operators in order to uncover the structure of such a space. In this paper, we generalize their analysis upon presenting and studying a general family of operators inspired by three apparently unrelated approaches to the problem of adjudicating conflicting claims. We study the structural properties of this family and show, in particular, that most of Thomson and Yeh’s results are specific cases of our study.

Suggested Citation

  • Hougaard, Jens Leth & Moreno-Ternero, Juan D. & Østerdal, Lars Peter, 2012. "A unifying framework for the problem of adjudicating conflicting claims," Journal of Mathematical Economics, Elsevier, vol. 48(2), pages 107-114.
    • Handle: RePEc:eee:mateco:v:48:y:2012:i:2:p:107-114
    DOI: 10.1016/j.jmateco.2012.01.004
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    More about this item

    Keywords

    Rationing; Operators; Baselines; Composition; Claims;
    All these keywords.

    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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