On the existence of the Dutta-Ray’s egalitarian solution

Francesc Llerena Garrés and Llúcia Mauri Masdeu

Working Papers from Universitat Rovira i Virgili, Department of Economics

Abstract: A class of balanced games, called exact partition games, is introduced. Within this class, it is shown that the egalitarian solution of Dutta and Ray (1989) behaves as in the class of convex games. Moreover, we provide two axiomatic characterization by means of suitable properties such as consistency, rationality and Lorenz-fairness. As a by-product, alternative characterizations of the egalitarian solution over the class of convex games are obtained.

Keywords: Jocs; Teoria de; 51 - Matemàtiques (search for similar items in EconPapers)
Date: 2016
New Economics Papers: this item is included in nep-gth
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