Lorenz Rankings of Rules for the Adjudication of Conflicting Claims

Found at: https://hdl.handle.net/10535/4005
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Type:	Working Paper
Author:	Thomson, William
Date:	2007
Agency:	Rochester Center for Economic Research, University of Rochester, Rochester, New York, USA
Series:	Working Paper No. 538
URI:	https://hdl.handle.net/10535/4005
Sector:	Theory
Region:
Subject(s):	rules institutions
Abstract:	"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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