Asymmetric rules for claims problems without homogeneity

被引:12
|
作者
Chambers, CP [1 ]
机构
[1] CALTECH, Div Humanities & Social Sci, Pasadena, CA 91125 USA
关键词
claims; bankruptcy; rationing; composition down; composition up; homogeneity; consistency;
D O I
10.1016/j.geb.2005.02.005
中图分类号
F [经济];
学科分类号
02 ;
摘要
We introduce a general class of rules for claims problems, called the difference rules, and demonstrate that a rule satisfies composition down and composition up if and only if it is a difference rule. We show that these rules are very simple to describe when there are two agents. In a variable population framework, we introduce a family of rules satisfying consistency, composition down, and composition up, which we term the logarithmic-proportional rules. These rules satisfy neither symmetry nor homogeneity. (c) 2005 Elsevier Inc. All rights reserved.
引用
收藏
页码:241 / 260
页数:20
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