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Asymmetric parametric division rules

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Stovall, John E. (2014) Asymmetric parametric division rules. Games and Economic Behavior, Volume 84 . pp. 87-110. doi:10.1016/j.geb.2013.11.006 ISSN 0899-8256.

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Official URL: http://dx.doi.org/10.1016/j.geb.2013.11.006

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Abstract

We describe and characterize the family of asymmetric parametric division rules for the adjudication of conflicting claims on a divisible homogeneous good. As part of the characterization, we present two novel axioms which restrict how a division rule indirectly allocates between different versions of the same claimant. We also show that such division rules can alternately be represented as the maximization of an additively separable social welfare function.

Item Type: Journal Article
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Social Sciences > Economics
Library of Congress Subject Headings (LCSH): Distribution (Economic theory), Claims, Fair value, Decision making -- Mathematical models
Journal or Publication Title: Games and Economic Behavior
Publisher: Elsevier
ISSN: 0899-8256
Official Date: March 2014
Dates:
DateEvent
March 2014Published
6 December 2013Available
22 March 2012Submitted
Volume: Volume 84
Page Range: pp. 87-110
DOI: 10.1016/j.geb.2013.11.006
Status: Peer Reviewed
Publication Status: Published
Access rights to Published version: Restricted or Subscription Access
Date of first compliant deposit: 27 December 2015
Date of first compliant Open Access: 27 December 2015

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