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Two Families of Rules for the Adjudication of Conflicting Claims

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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. 535
URI: https://hdl.handle.net/10535/4194
Sector: Theory
Subject(s): rules
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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