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Two families of rules for the adjudication of conflicting claims

William Thomson

No 535, RCER Working Papers from University of Rochester - Center for Economic Research (RCER)

Abstract: We define two families of rules to adjudicate conflicting claims. The first family contains the constrained equal awards, constrained equal losses, Talmud, and minimal overlap rules. The second family, which also contains the constrained equal awards and constrained equal losses rules, is obtained from the first one by exchanging, for each problem, how well agents with relatively larger claims are treated as compared to agents with relatively smaller claims. In each case, we identify the subfamily of consistent rules.

Keywords: claims problems; constrained equal awards rule; constrained equal losses rule; Talmud rule; minimal overlap rule; ICI rules; CIC rules; consistency. (search for similar items in EconPapers)
JEL-codes: C79 D63 D74 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-gth
Date: 2007-12
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