A new analysis of a simple model of fair allocation

Juan Moreno-Ternero

No 12.10, Working Papers from Universidad Pablo de Olavide, Department of Economics

Abstract: In a recent article, Fragnelli and Gagliardo [Cooperative models for allocating an object, Economics Letters 117 (2012) 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; Lower bounds; Upper bounds; Shapley; Talmud; Concede-and-Divide (search for similar items in EconPapers)
JEL-codes: D63 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2012-12
New Economics Papers: this item is included in nep-gth
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http://www.upo.es/serv/bib/wps/econ1210.pdf First version, 2012 (application/pdf)

Related works:
Journal Article: A new analysis of a simple model of fair allocation (2013)
Working Paper: A new analysis of a simple model of fair allocation (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:pab:wpaper::12.10

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