Claims problems and weighted generalizations of the Talmud rule
We investigate the existence of consistent rules for the resolution of conflicting claims that generalize the Talmud rule but do not necessarily satisfy equal treatment of equal. The first approach we follow starts from the description of the Talmud rule in the two-claimant case as “concede-and-divide”, and an axiomatic characterization for the rule. When equal treatment of equals is dropped, we obtain a one-parameter family, “weighted concede-and divide rules”. The second approach starts from the description of the Talmud rule as a hybrid of the constrained equal awards and constrained equal losses rules, and weighted generalizations of these rules. We characterize the class of consistent rules that coincide with weighted concede-and divide rules rules in the two-claimant case or with weighted hybrid rules. They are defined by partitioning the set of potential claimants into “priority classes” or “half-priority classes” respectively, and selecting reference weights for all potential claimants. For the first approach however, and in each class with more than two claimants, equal treatment is actually required Copyright Springer-Verlag Berlin Heidelberg 2003
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.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 21 (2003)
Issue (Month): 2 (03)
|Contact details of provider:|| Web page: http://link.springer.de/link/service/journals/00199/index.htm|
|Order Information:||Web: http://link.springer.de/orders.htm|
When requesting a correction, please mention this item's handle: RePEc:spr:joecth:v:21:y:2003:i:2:p:241-261. 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: (Sonal Shukla)or (Christopher F Baum)
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.