Two derivations of the uniform rule and an application to bankruptcy
We consider the problem of allocating a single infinitely divisible commodity to agents with single-peaked preferences, and establish two properties of the rule that has played the central role in the analysis of this problem, the uniform role. Among the efficient allocations, it selects (1) the one at which the difference between the largest amount received by any agent and the smallest sush amount is minimal, and (2) the one at which the variance of the amounts received by the agents is minimal.
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- Hans Peters & Gert-Jan Otten & Oscar Volij, 1996.
"Two characterizations of the uniform rule for division problems with single-peaked preferences (*),"
Springer;Society for the Advancement of Economic Theory (SAET), vol. 7(2), pages 291-306.
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- Volij, Oscar & Otten, Gert-Jan & Peters, Hans, 1996. "Two Characterizations of the Uniform Rule for Division Problems with Single-Peaked Preferences," Staff General Research Papers Archive 5108, Iowa State University, Department of Economics.
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- Klaus B. & Peters H. & Storcken T., 1995. "Reallocation of an infinetely divisible good," Research Memorandum 012, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
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- Sprumont, Yves, 1991. "The Division Problem with Single-Peaked Preferences: A Characterization of the Uniform Allocation Rule," Econometrica, Econometric Society, vol. 59(2), pages 509-519, March.
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