A new analysis of a simple model of fair allocation

Juan Moreno-Ternero

Economics Letters, 2013, vol. 118, issue 2, 393-395

Abstract: In a recent article, Fragnelli and Gagliardo [Fragnelli, V., Gagliardo, S., (2012). Cooperative models for allocating an object. Economics Letters 117, 227–229] propose several procedures to solve a basic problem of fair allocation. We scrutinize their proposal and contextualize it into recent developments of the literature on bankruptcy problems. Our analysis supports two of the procedures they propose; namely, the Shapley and Talmud rules.

Keywords: Fair allocation; Bankruptcy problems; Bounds; Shapley; Talmud (search for similar items in EconPapers)
JEL-codes: D63 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (1)

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Working Paper: A new analysis of a simple model of fair allocation (2013)
Working Paper: A new analysis of a simple model of fair allocation (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:118:y:2013:i:2:p:393-395

DOI: 10.1016/j.econlet.2012.12.011

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