EconPapers    
Economics at your fingertips  
 

Lorenz rankings of rules for the adjudication of conflicting claims

William Thomson

No 538, RCER Working Papers from University of Rochester - Center for Economic Research (RCER)

Abstract: For the problem of adjudicating conflicting claims, we offer simple criteria to compare rules on the basis of the Lorenz order. These criteria pertain to three families of rules. The first family contains the constrained equal awards, constrained equal losses, Talmud, and minimal overlap rules (Thomson, 2007a). 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. The third family consists of consistent rules (Young, 1987). We also address the issue whether certain operators on the space of rules preserve the Lorenz order.

Keywords: claims problems; constrained equal awards rule; constrained equal losses rule; Talmud rule; minimal overlap rule; Piniles’ rule; constrained egalitarian rule; ICI rules; CIC rules; consistent rules; Lorenz domination; operators. (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
References: Add references at CitEc
Citations: View citations in EconPapers (8) Track citations by RSS feed

Downloads: (external link)
http://rcer.econ.rochester.edu/RCERPAPERS/rcer_538.pdf full text (application/pdf)
None

Related works:
Journal Article: Lorenz rankings of rules for the adjudication of conflicting claims (2012) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:roc:rocher:538

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 ().

 
Page updated 2019-07-22
Handle: RePEc:roc:rocher:538