Advanced Search
MyIDEAS: Login to save this paper or follow this series

A new analysis of a simple model of fair allocation

Contents:

Author Info

  • Juan D. Moreno-Ternero

    ()
    (Department of Economics, Universidad Pablo de Olavide; CORE, Université catholique de Louvain)

Abstract

In a recent article, Fragnelli and Gagliardo [Cooperative models for allocating an object, Economics Letters 117 (2012) 227-229] propose several procedures to solve a basic problem of fair allocation. We scrutinize their proposal and contextualize it into recent developments of the literature on bankruptcy problems. Our analysis supports two of the procedures they propose; namely, the Shapley and Talmud rules.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.upo.es/serv/bib/wps/econ1210.pdf
File Function: First version, 2012
Download Restriction: no

Bibliographic Info

Paper provided by Universidad Pablo de Olavide, Department of Economics in its series Working Papers with number 12.10.

as in new window
Length: 15 pages
Date of creation: Dec 2012
Date of revision:
Handle: RePEc:pab:wpaper::12.10

Contact details of provider:
Postal: Carretera de Utrera km.1, 41013 Sevilla
Phone: + 34 954 34 8913
Fax: + 34 954 34 9339
Email:
Web page: http://www.upo.es/econ/
More information through EDIRC

Related research

Keywords: Fair allocation; Bankruptcy problems; Lower bounds; Upper bounds; Shapley; Talmud; Concede-and-Divide;

Other versions of this item:

Find related papers by JEL classification:

This paper has been announced in the following NEP Reports:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Juan Moreno-Ternero & Antonio Villar, 2006. "New characterizations of a classical bankruptcy rule," Review of Economic Design, Springer, Springer, vol. 10(2), pages 73-84, August.
  2. Maniquet, Francois, 1996. "Allocation Rules for a Commonly Owned Technology: The Average Cost Lower Bound," Journal of Economic Theory, Elsevier, Elsevier, vol. 69(2), pages 490-507, May.
  3. Juan de Dios Moreno Ternero & Antonio Villar Notario, 2003. "The Talmud Rule And The Securement Of Agents? Awards," Working Papers. Serie AD, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) 2003-05, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  4. Roemer, John E, 1986. "Equality of Resources Implies Equality of Welfare," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 101(4), pages 751-84, November.
  5. HOUGAARD, Jens L. & MORENO-TERNERO, Juan D. & OSTERDAL, Lars P., 2011. "A unifying framework for the problem of adjudicating conflicting claims," CORE Discussion Papers, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) 2011071, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  6. Hu, Cheng-Cheng & Tsay, Min-Hung & Yeh, Chun-Hsien, 2012. "Axiomatic and strategic justifications for the constrained equal benefits rule in the airport problem," Games and Economic Behavior, Elsevier, Elsevier, vol. 75(1), pages 185-197.
  7. Moulin, H., 1988. "Welfare Bounds In The Fair Division Problem," UFAE and IAE Working Papers, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC) 106-88, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
  8. Young, H. P., 1988. "Distributive justice in taxation," Journal of Economic Theory, Elsevier, Elsevier, vol. 44(2), pages 321-335, April.
  9. Gustavo Bergantiños & Luciano Méndez-Naya, 2001. "Additivity in bankruptcy problems and in allocation problems," Spanish Economic Review, Springer, Springer, vol. 3(3), pages 223-229.
  10. MORENO-TERNERO, Juan D. & ROEMER, John E., 2005. "Impartiality, priority, and solidarity in the theory of justice," CORE Discussion Papers, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) 2005077, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  11. Aumann, Robert J. & Maschler, Michael, 1985. "Game theoretic analysis of a bankruptcy problem from the Talmud," Journal of Economic Theory, Elsevier, Elsevier, vol. 36(2), pages 195-213, August.
  12. Youngsub Chun, 1999. "Equivalence of axioms for bankruptcy problems," International Journal of Game Theory, Springer, Springer, vol. 28(4), pages 511-520.
  13. Fragnelli, Vito & Gagliardo, Stefano, 2012. "Cooperative models for allocating an object," Economics Letters, Elsevier, Elsevier, vol. 117(1), pages 227-229.
  14. Thomson, William, 2003. "Axiomatic and game-theoretic analysis of bankruptcy and taxation problems: a survey," Mathematical Social Sciences, Elsevier, Elsevier, vol. 45(3), pages 249-297, July.
  15. Robert Aumann, 2010. "Some non-superadditive games, and their Shapley values, in the Talmud," International Journal of Game Theory, Springer, Springer, vol. 39(1), pages 3-10, March.
  16. Moulin, Herve & Shenker, Scott, 1992. "Serial Cost Sharing," Econometrica, Econometric Society, Econometric Society, vol. 60(5), pages 1009-37, September.
  17. William Thomson, 2007. "Cost allocation and airport problems," RCER Working Papers, University of Rochester - Center for Economic Research (RCER) 537, University of Rochester - Center for Economic Research (RCER).
  18. Youngsub Chun, 1999. "Equivalence of Axioms for Bankruptcy Problems," Working Paper Series, Institute of Economic Research, Seoul National University no1, Institute of Economic Research, Seoul National University.
Full references (including those not matched with items on IDEAS)

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:pab:wpaper::12.10. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Publicación Digital - UPO).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.