A compromise solution for claims problems

dc.contributor.author	Lahiri, Somdeb
dc.date.accessioned	2010-03-29T08:37:23Z
dc.date.available	2010-03-29T08:37:23Z
dc.date.copyright	1991-10
dc.date.issued	2010-03-29T08:37:23Z
dc.identifier.uri	http://hdl.handle.net/11718/1770
dc.description.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.	en
dc.language.iso	en	en
dc.relation.ispartofseries	WP;1991/978
dc.subject	Compromise Solution	en
dc.subject	Claims problems	en
dc.title	A compromise solution for claims problems	en
dc.type	Working Paper	en