Two characterizations of the random arrival rule

Yan-An Hwang ()
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Yan-An Hwang: National Dong Hwa University

Economic Theory Bulletin, 2015, vol. 3, issue 1, No 5, 43-52

Abstract: Abstract The main focus of this note is on the random arrival rule. We adopt two characterizations from transferable utility games theory and reinterpret them in the framework of bankruptcy problems. One is that the random arrival rule can be formulated as the vector of marginal compensations of a potential function. The other one is that the random arrival rule is the only rule satisfying balanced compensations.

Keywords: Potential; Balanced compensations; Random arrival rule (search for similar items in EconPapers)
JEL-codes: C71 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (5)

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DOI: 10.1007/s40505-015-0070-z

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