The Talmud rule and the securement of agents' awards
AbstractThis paper provides a new characterization of the Talmud rule by means of a new property, called securement. This property says that any agent holding a feasible claim will get at least one nht of her claim, where n is the number of agents involved. We show that securement together with a weak version of path independence and the standard properties of self-duality and consistency characterize the Talmud rule.
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Bibliographic InfoArticle provided by Elsevier in its journal Mathematical Social Sciences.
Volume (Year): 47 (2004)
Issue (Month): 2 (March)
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Web page: http://www.elsevier.com/locate/inca/505565
Other versions of this item:
- Juan de Dios Moreno Ternero & Antonio Villar Notario, 2003. "The Talmud Rule And The Securement Of Agents? Awards," Working Papers. Serie AD 2003-05, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
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