A Reduced Game Property for the Proportional Solution for Claims Problems

Somdeb Lahiri

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

Abstract: The problem we discuss in this paper is one of allocating a homogeneous, divisible good among a group of claimants in a way that is perceived as just or fair. A solution to such a problem is allocating the good in proportion to the claims. We use a reduced game property to axiomatically characterize this solution. The model is interpreted as a distributor allocating a good amongst several retailers when demand exceeds supply.

Date: 1996-06-01
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Persistent link: https://EconPapers.repec.org/RePEc:iim:iimawp:wp01389

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