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 |
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