Stable partitions for proportional generalized claims problems
Year: 2024
Type: article
Abstract: We consider a set of agents who have claims on an endowment that is not large enough to cover all claims. Agents can form coalitions but a minimal coalition size $θ$ is required to have positive coalitional funding that is proportional to the sum of the claims of its members. We analyze the structure of stable partitions when coalition members use well-behaved rules to allocate coalitional endowments, e.g., the well-known constrained equal awards rule (CEA) or the constrained equal losses rule (CEL).For continuous, (strictly) resource monotonic, and consistent rules, stable partitions with (mostly) $θ$-size coalitions emerge. For CEA and CEL we provide algorithms to construct such a stable partition formed by $θ$-size coalitions.
Source: Games and Economic Behavior
Authors: Oihane Gallo, Bettina Klaus
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: hybrid
Estimated APC paid: $2,540
OpenAlex ID: W4401815359