Recursive methods for discrete claims problems
JosÃ©-manuel GimÃ©nez-gÃ³mez () and
Cori Vilella ()
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JosÃ©-manuel GimÃ©nez-gÃ³mez: Universitat Rovira i Virgili / CREIP
Cori Vilella: Universitat Rovira i Virgili / CREIP
Authors registered in the RePEc Author Service: José-Manuel Giménez-Gómez ()
Economics Bulletin, 2017, vol. 37, issue 3, 1653-1665
We consider claims problems with indivisible goods. Specifically, by applying the recursive procedures proposed by GimÃ©nez-Gomez and Marco-Gil (2014) and GimÃ©nez-GÃ³mez and Peris (2014), we ensure the fulfilment of order preservation and balancedness, considered by many authors as minimal requirements of fairness. Moreover, we retrieve the discrete constrained equal losses and the discrete constrained equal awards rules (Herrero and Martinez, 2008). By the recursive imposition of a lower bound and an upper bound, we obtain the average between them.
Keywords: Claims problems; Indivisibility; Order preservation; Recursive methods; Midpoint (search for similar items in EconPapers)
JEL-codes: D7 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-17-00032
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