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A note on discrete claims problems

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  • Giménez-Gómez, José Manuel
  • Vilella Bach, Misericòrdia
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    Abstract

    In this note, we consider claims problems with indivisible goods. Specifically, by applying recursively the P-rights lower bound (Jiménez-Gómez and Marco-Gil (2008)), we ensure the fulfillment of Weak Order Preservation, considered by many authors as a minimal requirement of fairness. Moreover, we retrieve the Discrete Constrained Equal Losses and the Discrete Constrained Equal Awards rules (Herrero and Martíınez (2008)). Finally, by the recursive double imposition of a lower and an upper bound, we obtain the average between them. Keywords: Claims problems, Indivisibilities, Order Preservation, Constrained Egalitarian rules, Midpoint. JEL classification: C71, D63, D71.

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    Paper provided by Universitat Rovira i Virgili, Department of Economics in its series Working Papers with number 2072/203160.

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    Date of creation: 2012
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    Handle: RePEc:urv:wpaper:2072/203160

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