Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5062376 | Economics Letters | 2008 | 7 Pages |
Abstract
For resolving claims problems, we consider the rule that makes awards proportional to claims truncated at the endowment. Using a technique developed by Thomson [Thomson, W., On the existence of consistent rules to adjudicate conflicting claims: a geometric approach, mimeo, 2001.], we show that the two-claimant rule so defined has no consistent extension [Dagan, N. and O. Volij, Bilateral comparisons and consistent fair division rules in the context of bankruptcy problems, International Journal of Game Theory 26 (1997), 11-25.].
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
William Thomson,