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The Talmud rule and the securement of agents' awards

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  • Moreno-Ternero, Juan D.
  • Villar, Antonio

Abstract

This 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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  • Moreno-Ternero, Juan D. & Villar, Antonio, 2004. "The Talmud rule and the securement of agents' awards," Mathematical Social Sciences, Elsevier, vol. 47(2), pages 245-257, March.
    • Handle: RePEc:eee:matsoc:v:47:y:2004:i:2:p:245-257
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    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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