Lorenz Rankings of Rules for the Adjudication of Conflicting Claims

dc.contributor.authorThomson, Williamen_US
dc.date.accessioned2009-07-31T15:11:35Z
dc.date.available2009-07-31T15:11:35Z
dc.date.issued2007en_US
dc.date.submitted2008-02-05en_US
dc.date.submitted2008-02-05en_US
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.identifier.urihttps://hdl.handle.net/10535/4005
dc.publisher.workingpaperseriesRochester Center for Economic Research, University of Rochester, Rochester, New York, USAen_US
dc.relation.ispartofseriesWorking Paper No. 538en_US
dc.subjectrulesen_US
dc.subjectinstitutionsen_US
dc.subject.sectorTheoryen_US
dc.submitter.emailaurasova@indiana.eduen_US
dc.titleLorenz Rankings of Rules for the Adjudication of Conflicting Claimsen_US
dc.typeWorking Paperen_US
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