Lorenz rankings of rules for the adjudication of conflicting claims
No 538, RCER Working Papers from University of Rochester - Center for Economic Research (RCER)
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)
Pages: 33 pages
New Economics Papers: this item is included in nep-gth
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Journal Article: Lorenz rankings of rules for the adjudication of conflicting claims (2012)
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