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Asymmetric Parametric Division Rules

Author

Listed:
  • Stovall, John E.
Abstract
We describe and characterize the family of asymmetric parametric division rules for the adjudication of conflicting claims on a divisible homogeneous good. As part of the characterization, we present two novel axioms which restrict how a division rule indirectly allocates between different versions of the same claimant. We also show that such division rules can alternately be represented as the maximization of an additively separable social welfare function.

Suggested Citation

  • Stovall, John E., 2013. "Asymmetric Parametric Division Rules," Economic Research Papers 270537, University of Warwick - Department of Economics.
    • Handle: RePEc:ags:uwarer:270537
    DOI: 10.22004/ag.econ.270537
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    References listed on IDEAS

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    1. 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.
    2. O'Neill, Barry, 1982. "A problem of rights arbitration from the Talmud," Mathematical Social Sciences, Elsevier, vol. 2(4), pages 345-371, June.
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    5. Juan D Moreno-Ternero & John E Roemer, 2006. "Impartiality, Priority, and Solidarity in the Theory of Justice," Econometrica, Econometric Society, vol. 74(5), pages 1419-1427, September.
    6. Chambers, Christopher P., 2006. "Asymmetric rules for claims problems without homogeneity," Games and Economic Behavior, Elsevier, vol. 54(2), pages 241-260, February.
    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. Young, H. P., 1988. "Distributive justice in taxation," Journal of Economic Theory, Elsevier, vol. 44(2), pages 321-335, April.
    9. Ju, Biung-Ghi & Miyagawa, Eiichi & Sakai, Toyotaka, 2007. "Non-manipulable division rules in claim problems and generalizations," Journal of Economic Theory, Elsevier, vol. 132(1), pages 1-26, January.
    10. Hervé Moulin, 2000. "Priority Rules and Other Asymmetric Rationing Methods," Econometrica, Econometric Society, vol. 68(3), pages 643-684, May.
    11. Lensberg, Terje, 1987. "Stability and Collective Rationality," Econometrica, Econometric Society, vol. 55(4), pages 935-961, July.
    12. Naumova, N. I., 2002. "Nonsymmetric equal sacrifice solutions for claim problem," Mathematical Social Sciences, Elsevier, vol. 43(1), pages 1-18, January.
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    Citations

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    Cited by:

    1. Thomson, William, 2015. "Axiomatic and game-theoretic analysis of bankruptcy and taxation problems: An update," Mathematical Social Sciences, Elsevier, vol. 74(C), pages 41-59.
    2. Stovall, John E., 2020. "Equal sacrifice taxation," Games and Economic Behavior, Elsevier, vol. 121(C), pages 55-75.
    3. Gallo, Oihane & Inarra, Elena, 2018. "Rationing rules and stable coalition structures," Theoretical Economics, Econometric Society, vol. 13(3), September.
    4. Patrick Harless, 2017. "Endowment additivity and the weighted proportional rules for adjudicating conflicting claims," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 63(3), pages 755-781, March.
    5. Alcalde-Unzu, Jorge & Gallo, Oihane & Inarra, Elena & Moreno-Ternero, Juan D., 2024. "Solidarity to achieve stability," European Journal of Operational Research, Elsevier, vol. 315(1), pages 368-377.
    6. Moulin, Herve, 2017. "Consistent bilateral assignment," Mathematical Social Sciences, Elsevier, vol. 90(C), pages 43-55.
    7. Long, Yan & Sethuraman, Jay & Xue, Jingyi, 2021. "Equal-quantile rules in resource allocation with uncertain needs," Journal of Economic Theory, Elsevier, vol. 197(C).
    8. Flores-Szwagrzak, Karol & Østerdal, Lars Peter, 2024. "Rationalizing Sharing Rules," Working Papers 17-2024, Copenhagen Business School, Department of Economics.
    9. Christopher P. Chambers & Juan D. Moreno-Ternero, 2017. "Taxation and poverty," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 48(1), pages 153-175, January.
    10. Flores-Szwagrzak, Karol, 2015. "Priority classes and weighted constrained equal awards rules for the claims problem," Journal of Economic Theory, Elsevier, vol. 160(C), pages 36-55.
    11. Karol Flores-Szwagrzak & Jaume García-Segarra & Miguel Ginés-Vilar, 2020. "Priority and proportionality in bankruptcy," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 54(4), pages 559-579, April.
    12. Oihane Gallo & Bettina Klaus, 2022. "Stable partitions for proportional generalized claims problems," Cahiers de Recherches Economiques du Département d'économie 22.03, Université de Lausanne, Faculté des HEC, Département d’économie.
    13. Erlanson, Albin & Flores-Szwagrzak, Karol, 2015. "Strategy-proof assignment of multiple resources," Journal of Economic Theory, Elsevier, vol. 159(PA), pages 137-162.
    14. Stovall, John E., 2014. "Collective rationality and monotone path division rules," Journal of Economic Theory, Elsevier, vol. 154(C), pages 1-24.
    15. Gallo Fernández, Oihane & Iñarra García, María Elena, 2016. "Rationing Rules and Stable Coalition Structures," IKERLANAK 19435, Universidad del País Vasco - Departamento de Fundamentos del Análisis Económico I.

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    More about this item

    Keywords

    Financial Economics;

    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations

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