| |
William L. Thomson - Economics Department - University of Rochester |
 | | It takes as point of departure the characterization of the family of two-claimant rules satisfying the first three requirements, and describes the restrictions imposed by consistency on this family and the further implications of this requirement for problems with three or more claimants. |
| | The proof, which is an alternative to Moulin's original proof (Econometrica, 2000), is based on a general method of constructing consistent extensions of two-claimant rules (Thomson, 2001), which exploits geometric properties of paths of awards, seen in their entirety. |
| | We consider the version of the proportional rule that selects for each problem, the awards vector that is proportional to the vector of claims truncated at the amount to divide. |
| www.econ.rochester.edu /Faculty/Thomson.html (1344 words) |
