Dividing Profits Three Ways: Impartiality vs. Consensuality

James Boudreau () and Vicki Knoblauch ()

No 2010-15, Working papers from University of Connecticut, Department of Economics

Abstract: A rule for three-way division of profits based on peer evaluation reports is impartial if the calculation of each partner’s share ignores her report, and is consensual if it respects evaluations when the three partners’ reports are in agreement. We give an approximate solution to the problem of finding a three-way impartial division rule of minimal average deviation from consensuality. We also use a calculus of variations technique to give an exact solution to a simple version of the problem.

Keywords: division function; impartial; consensual (search for similar items in EconPapers)
JEL-codes: D63 D70 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2010-04
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