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Constrained Egalitarianism: A New Solution for Claims Problems, Seoul Journal of Economics

Abstract

We propose a new rule to solve claims problems (O'Neill 1982) and show that this rule is best in achieving certain objectives of equality. We present three theorems describing it as the most "egalitarian" among all rules satisfying two minor requirements, "estate-monotonicity" and "the midpoint property." We refer to it as the "constrained egalitarian" rule. We show that it is consistent and give a parametric representation of it. We also define several other rules and relate all of them to the rule that have been most commonly discussed in the literature.

Type

Article

Author(s)

Youngsub Chun, James Schummer, William Thomson

Date Published

2001

Citations

Chun, Youngsub, James Schummer, and William Thomson. 2001. Constrained Egalitarianism: A New Solution for Claims Problems. Seoul Journal of Economics. 14(3)

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