Convergence under replication of rules to adjudicate conflicting claims

被引:17
作者
Chun, Y
Thomson, W
机构
[1] Univ Rochester, Dept Econ, Rochester, NY 14627 USA
[2] Seoul Natl Univ, Sch Econ, Seoul 151742, South Korea
基金
美国国家科学基金会;
关键词
claims problems; replication; random arrival rule; proportional rule; minimal overlap rule; constrained equal losses rule;
D O I
10.1016/j.geb.2004.01.006
中图分类号
F [经济];
学科分类号
02 ;
摘要
We study the behavior of rules for the adjudication of conflicting claims when there is a large number of claimants with small claims. We model such situations by replicating some basic problem. We show that under replication, the random arrival rule [Math. Soc. Sci. 2 (1982) 345] behave's like the proportional rule. the rule that is the most often recommended in this context. Also. under replication, the minimal overlap rule [Math. Soc. Sci. 2 (1982) 345] behaves like the constrained equal losses rule, the rule that selects a division at which all claimants experience equal losses subject to no-one receiving a negative amount. (C) 2004 Elsevier Inc. All rights reserved.
引用
收藏
页码:129 / 142
页数:14
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