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Lorenz Rankings of Rules for the Adjudication of Conflicting Claims

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dc.contributor.author Thomson, William en_US
dc.date.accessioned 2009-07-31T15:11:35Z
dc.date.available 2009-07-31T15:11:35Z
dc.date.issued 2007 en_US
dc.date.submitted 2008-02-05 en_US
dc.date.submitted 2008-02-05 en_US
dc.identifier.uri https://hdl.handle.net/10535/4005
dc.description.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." en_US
dc.relation.ispartofseries Working Paper No. 538 en_US
dc.subject rules en_US
dc.subject institutions en_US
dc.title Lorenz Rankings of Rules for the Adjudication of Conflicting Claims en_US
dc.type Working Paper en_US
dc.publisher.workingpaperseries Rochester Center for Economic Research, University of Rochester, Rochester, New York, USA en_US
dc.subject.sector Theory en_US
dc.submitter.email aurasova@indiana.edu en_US

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