This paper focuses on some appealing properties for claims problems. Our main result is that the Constrained Equal-Losses Rule is the only rule satisfying equal treatment of equals, composition from minimal rights, and path independence.
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Paper provided by Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) in its series Working Papers. Serie AD with number
1998-20.
Length: 11 pages Date of creation: Sep 1998 Date of revision: Publication status: Published by Ivie Handle: RePEc:ivi:wpasad:1998-20
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