Monotonicity of Solutions with Respect to the Claims Point

Somdeb Lahiri

IIMA Working Papers from Indian Institute of Management Ahmedabad, Research and Publication Department

Abstract: In this paper we establish that a family of well-known normed compromise solutions for two-person claims problems respond appropriately to changes in the claims point. At the time of writing this paper, it was brought to my notice that Bossert (forthcoming) had independently obtained a similar result for a particular case of this family of solutions for claims problems with a larger number of agents. The extension of the general case to a larger number of agents is not however either immediate or obvious.

Date: 1992-10-01
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Persistent link: https://EconPapers.repec.org/RePEc:iim:iimawp:wp01137

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