Loss sharing: Characterizing a new class of rules
Wulf Gaertner and
Yongsheng Xu
Mathematical Social Sciences, 2020, vol. 107, issue C, 37-40
Abstract:
The class of rules that we propose and characterize can be viewed as a variant of the standard model in the literature on cost and surplus sharing. It basically has two reference points: an equal share of the loss and a weighted difference between an agent’s endowment or claim and the average endowment of the individuals concerned. Our class of rules comprises some prominent sharing rules such as equal split and the proportionality principle.
Keywords: Loss sharing; Sharing rule; Monotonicity in contributions; Independence of rank- and-mean preserving changes (search for similar items in EconPapers)
Date: 2020
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Working Paper: Loss sharing: characterizing a new class of rules (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:matsoc:v:107:y:2020:i:c:p:37-40
DOI: 10.1016/j.mathsocsci.2020.07.006
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