Fairness and Efficiency in a Subjective Claims Problem

Anita Gantner () and Rudolf Kerschbamer

Working Papers from Faculty of Economics and Statistics, Universität Innsbruck

Abstract: In a subjective claims problem several agents have contributed to the production of a cake which is to be divided among them. Since contributions are difficult to compare and the production function is nonlinear, agents'subjective evaluations of claims are likely to be conflicting. In a large-scale experimental study we compare the performance of three mechanisms which use agents' reports to resolve the subjective claims problem. The mechanisms differ with respect to the information they process, and they are compared in terms of efficiency and perceived allocative and procedural fairness.

Keywords: Fair Division; Subjective Claims; Experiment; Mechanisms (search for similar items in EconPapers)
JEL-codes: C91 D61 D63 (search for similar items in EconPapers)
Pages: 41 pages
Date: 2013-10
New Economics Papers: this item is included in nep-exp
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Related works:
Journal Article: Fairness and efficiency in a subjective claims problem (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:inn:wpaper:2013-30

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