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Fair Allocation Of Disputed Properties

Author

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  • Biung†Ghi Ju
  • Juan D. Moreno†Ternero

Abstract

We model problems of allocating disputed properties as generalized exchange economies. Therein, agents have preferences and claims over multiple goods, and the social endowment of each good may not be sufficient to satisfy all individual claims. We focus on market†based allocation rules that impose a two†step procedure: assignment of rights based on claims first and voluntary exchange based on the assigned rights afterward. We characterize three focal egalitarian rights†assignment rules that guarantee that the allocation rules are fair. We apply our results to problems of greenhouse gas emissions and contested water rights.

Suggested Citation

  • Biung†Ghi Ju & Juan D. Moreno†Ternero, 2017. "Fair Allocation Of Disputed Properties," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 58(4), pages 1279-1301, November.
    • Handle: RePEc:wly:iecrev:v:58:y:2017:i:4:p:1279-1301
    DOI: 10.1111/iere.12251
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    Cited by:

    1. Ricardo Martinez & Juan D. Moreno-Ternero, 2024. "Fair allocation of riparian water rights," Papers 2407.14623, arXiv.org.
    2. Ju, Biung-Ghi & Moreno-Ternero, Juan D., 2018. "Entitlement Theory Of Justice And End-State Fairness In The Allocation Of Goods," Economics and Philosophy, Cambridge University Press, vol. 34(3), pages 317-341, November.
    3. Jens Gudmundsson & Jens Leth Hougaard & Chiu Yu Ko, 2024. "Sharing Sequentially Triggered Losses: Automated Conflict Resolution Through Smart Contracts," Management Science, INFORMS, vol. 70(3), pages 1773-1786, March.
    4. Bas Dietzenbacher & Yuki Tamura & William Thomson, 2024. "Partial-implementation invariance and claims problems," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 63(1), pages 203-229, August.
    5. Ju, Biung-Ghi & Kim, Min & Kim, Suyi & Moreno-Ternero, Juan D., 2021. "Fair international protocols for the abatement of GHG emissions," Energy Economics, Elsevier, vol. 94(C).
    6. Calleja, Pedro & Llerena, Francesc & Sudhölter, Peter, 2021. "Constrained welfare egalitarianism in surplus-sharing problems," Mathematical Social Sciences, Elsevier, vol. 109(C), pages 45-51.
    7. Carlos Hervés‐Beloso & Francisco Martínez‐Concha & Emma Moreno‐García, 2024. "Economies with rights: Efficiency and inequality," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 26(1), February.
    8. Thomson, William, 2015. "Axiomatic and game-theoretic analysis of bankruptcy and taxation problems: An update," Mathematical Social Sciences, Elsevier, vol. 74(C), pages 41-59.
    9. Patrick Harless, 2017. "Endowment additivity and the weighted proportional rules for adjudicating conflicting claims," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 63(3), pages 755-781, March.
    10. René Brink & Juan D. Moreno-Ternero, 2017. "The reverse TAL-family of rules for bankruptcy problems," Annals of Operations Research, Springer, vol. 254(1), pages 449-465, July.

    More about this item

    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations

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