Lorenz comparisons of nine rules for the adjudication of conflicting claims

Kristof Bosmans and Luc Lauwers

Working Papers of Department of Economics, Leuven from KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven

Abstract: Consider the following nine rules for adjudicating conflicting claims: the proportional, constrained equal awards, constrained equal losses, Talmud, Piniles’, constrained egalitarian, adjusted proportional, random arrival, and minimal overlap rules. For each pair of rules in this list, we examine whether or not the two rules are Lorenz comparable. We allow the comparison to depend upon whether the amount to divide is larger or smaller than the half-sum of claims. In addition, we provide Lorenz-based characterizations of the constrained equal awards, constrained equal losses, Talmud, Piniles’, constrained egalitarian, and minimal overlap rules.

Keywords: Claims problem; Bankruptcy; Taxation; Lorenz dominance; Progressivity; Proportional rule; Constrained equal awards rule; Constrained equal losses rule; Talmud rule; Piniles’ rule; Constrained egalitarian rule; Adjusted proportional rule; Random arrival rule; Minimal overlap rule (search for similar items in EconPapers)
JEL-codes: D63 (search for similar items in EconPapers)
Date: 2007-03
New Economics Papers: this item is included in nep-gth
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://lirias.kuleuven.be/bitstream/123456789/120499/1/Dps0705.pdf

Related works:
Journal Article: Lorenz comparisons of nine rules for the adjudication of conflicting claims (2011)
Journal Article: Lorenz comparisons of nine rules for the adjudication of conflicting claims (2011)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ete:ceswps:ces0705

Access Statistics for this paper

More papers in Working Papers of Department of Economics, Leuven from KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven
Bibliographic data for series maintained by library EBIB ().