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Two families of rules for the adjudication of conflicting claims

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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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  • William Thomson, 2007. "Two families of rules for the adjudication of conflicting claims," RCER Working Papers 535, University of Rochester - Center for Economic Research (RCER).
    • Handle: RePEc:roc:rocher:535
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    References listed on IDEAS

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    1. Juan Moreno-Ternero & Antonio Villar, 2006. "The TAL-Family of Rules for Bankruptcy Problems," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 27(2), pages 231-249, October.
    2. Youngsub Chun, 1999. "Equivalence of Axioms for Bankruptcy Problems," Working Paper Series no1, Institute of Economic Research, Seoul National University.
    3. Hokari, Toru & Thomson, William, 2008. "On properties of division rules lifted by bilateral consistency," Journal of Mathematical Economics, Elsevier, vol. 44(11), pages 1057-1071, December.
    4. Thomson, William & Yeh, Chun-Hsien, 2008. "Operators for the adjudication of conflicting claims," Journal of Economic Theory, Elsevier, vol. 143(1), pages 177-198, November.
    5. H. Peyton Young, 1987. "On Dividing an Amount According to Individual Claims or Liabilities," Mathematics of Operations Research, INFORMS, vol. 12(3), pages 398-414, August.
    6. William Thomson, 2007. "On the existence of consistent rules to adjudicate conflicting claims: a constructive geometric approach," Review of Economic Design, Springer;Society for Economic Design, vol. 11(3), pages 225-251, November.
    7. Thomson, William, 2003. "Axiomatic and game-theoretic analysis of bankruptcy and taxation problems: a survey," Mathematical Social Sciences, Elsevier, vol. 45(3), pages 249-297, July.
    8. Chun, Youngsub & Thomson, William, 2005. "Convergence under replication of rules to adjudicate conflicting claims," Games and Economic Behavior, Elsevier, vol. 50(2), pages 129-142, February.
    9. Juan D. Moreno‐Ternero & Antonio Villar, 2006. "On the Relative Equitability of a Family of Taxation Rules," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 8(2), pages 283-291, May.
    10. Nir Dagan, 1996. "New characterizations of old bankruptcy rules," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 13(1), pages 51-59, January.
    11. Iain McLean & Fiona Hewitt (ed.), 1994. "Condorcet," Books, Edward Elgar Publishing, number 309.
    12. Thomson, William, 2008. "The two-agent claims-truncated proportional rule has no consistent extension: A constructive proof," Economics Letters, Elsevier, vol. 98(1), pages 59-65, January.
    13. Aumann, Robert J. & Maschler, Michael, 1985. "Game theoretic analysis of a bankruptcy problem from the Talmud," Journal of Economic Theory, Elsevier, vol. 36(2), pages 195-213, August.
    14. José Alcalde & María Marco & José Silva, 2005. "Bankruptcy games and the Ibn Ezra’s proposal," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 26(1), pages 103-114, July.
    15. Diego Dominguez & William Thomson, 2006. "A new solution to the problem of adjudicating conflicting claims," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 28(2), pages 283-307, June.
    16. José Alcalde & María Marco & José Silva, 2008. "The minimal overlap rule revisited," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 31(1), pages 109-128, June.
    17. Youngsub Chun, 1999. "Equivalence of axioms for bankruptcy problems," International Journal of Game Theory, Springer;Game Theory Society, vol. 28(4), pages 511-520.
    18. Toru Hokari & William Thomson, 2003. "Claims problems and weighted generalizations of the Talmud rule," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 21(2), pages 241-261, March.
    19. Gustavo Bergantiños & Luciano Méndez-Naya, 2001. "Additivity in bankruptcy problems and in allocation problems," Spanish Economic Review, Springer;Spanish Economic Association, vol. 3(3), pages 223-229.
    20. Thomson, W., 1996. "Consistent Allocation Rules," RCER Working Papers 418, University of Rochester - Center for Economic Research (RCER).
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    More about this item

    Keywords

    claims problems; constrained equal awards rule; constrained equal losses rule; Talmud rule; minimal overlap rule; ICI rules; CIC rules; consistency.;
    All these keywords.

    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; Revolutions

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