How much can you claim?

In a “claims problem” (O'Neill, 1982), a group of individuals have claims on a resource but there is not enough of it to honor all of the claims. A widely studied property of distribution rules, “claims truncation invariance”, advances the existence of a maximal reasonable claim: the endowment of the resource. We examine the implications of imposing any maximal claim, no matter how large. Our conclusions establish the centrality of the “constrained equal awards rule” and its asymmetric generalizations in the class of asymmetric rationing rules (Moulin, 2000).

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Publication Details

Journal
Economics Letters
Published
2024-11-27
DOI
https://doi.org/10.1016/j.econlet.2024.112068
Primary Topic
Game Theory and Voting Systems
Type
article
Field-Weighted Citation Impact
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article

How much can you claim?

Karol Flores-Szwagrzak, Rafael Treibich
Economics Letters
Game Theory and Voting Systems
article

How much can you claim?

Karol Flores-Szwagrzak, Rafael Treibich
article en

Abstract

In a “claims problem” (O'Neill, 1982), a group of individuals have claims on a resource but there is not enough of it to honor all of the claims. A widely studied property of distribution rules, “claims truncation invariance”, advances the existence of a maximal reasonable claim: the endowment of the resource. We examine the implications of imposing any maximal claim, no matter how large. Our conclusions establish the centrality of the “constrained equal awards rule” and its asymmetric generalizations in the class of asymmetric rationing rules (Moulin, 2000).

Economics LettersVol. 246
Copenhagen Business School (DK), Department of Social Sciences (RU)
Openalex Percentile: Top 74%
Game Theory and Voting Systems
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