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Loss sharing: characterizing a new class of rules

Gaertner, Wulf and Xu, Yongsheng (2020) Loss sharing: characterizing a new class of rules. Mathematical Social Sciences, 107. 37 - 40. ISSN 0165-4896

[img] Text (Gaertner_loss-sharing--accepted) - Accepted Version
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Identification Number: 10.1016/j.mathsocsci.2020.07.006

Abstract

The class of rules that we propose and characterize can be viewed as a variant of the standard model in the literature on cost and surplus sharing. It basically has two reference points: an equal share of the loss and a weighted difference between an agent's endowment or claim and the average endowment of the individuals concerned. Our class of rules comprises some prominent sharing rules such as equal split and the proportionality principle.

Item Type: Article
Official URL: https://www.sciencedirect.com/journal/mathematical...
Additional Information: © 2020 Elsevier B.V.
Divisions: Economics
Subjects: Q Science > QA Mathematics
H Social Sciences > HB Economic Theory
Date Deposited: 30 Jun 2022 09:54
Last Modified: 01 Aug 2022 23:00
URI: http://eprints.lse.ac.uk/id/eprint/115467

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