Loss sharing: characterizing a new class of rules

Wulf Gaertner and Yongsheng Xu

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

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: independence of rank- and-mean preserving changes; loss sharing; monotonicity in contributions; sharing rule (search for similar items in EconPapers)
JEL-codes: J1 (search for similar items in EconPapers)
Pages: 4 pages
Date: 2020-09-01
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Published in Mathematical Social Sciences, 1, September, 2020, 107, pp. 37 - 40. ISSN: 0165-4896

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Related works:
Journal Article: Loss sharing: Characterizing a new class of rules (2020)
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