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http://hdl.handle.net/11718/1770| Title: | A compromise solution for claims problems |
| Authors: | Lahiri, Somdeb |
| Keywords: | Compromise Solution;Claims problems |
| Issue Date: | 29-Mar-2010 |
| Series/Report no.: | WP;1991/978 |
| Abstract: | The purpose of this paper is to axiomatically characterize a compromise solution for claims problems which satisfies invariance under affine utility transformations. The more well known solutions for claims problems do not satisfy this property. This is a major deficiency of the latter class of solutions, as they fail to predict appropriate responsiveness to risk aversion by ones opponents. Our solution overcomes this deficiency. |
| URI: | http://hdl.handle.net/11718/1770 |
| Appears in Collections: | Working Papers |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| WP 1991_978.pdf | 264.95 kB | Adobe PDF | View/Open |
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