Convergence under Replication of Rules to Adjudicate Conflicting Claims
Youngsub Chun () and
Additional contact information
Youngsub Chun: Seoul National University
No 512, RCER Working Papers from University of Rochester - Center for Economic Research (RCER)
We study the behavior of rules for the adjudication of con°icting claims when there are a large number of claimants with small claims. We model such situations by replicating some basic problem. We show that under replication, the random arrival rule (O'Neill, 1982) behaves like the proportional rule, the rule that is the most often recommended in this context. Also, under replication, the minimal overlap rule (O'Neill, 1982) behaves like the constrained equal losses rule, the rule that selects a division at which all claimants experience equal losses subject to no-one receiving a negative amount.
Keywords: Claims problems; Replication; Random arrival rule; Proportional rule; Minimal overlap rule; Constrained equal losses rule. (search for similar items in EconPapers)
JEL-codes: D63 D70 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed
Downloads: (external link)
http://rcer.econ.rochester.edu/RCERPAPERS/rcer_512.pdf full text (application/pdf)
Journal Article: Convergence under replication of rules to adjudicate conflicting claims (2005)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:roc:rocher:512
Access Statistics for this paper
More papers in RCER Working Papers from University of Rochester - Center for Economic Research (RCER) University of Rochester, Center for Economic Research, Department of Economics, Harkness 231 Rochester, New York 14627 U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by Richard DiSalvo ().