Compensation and sacrifice in the probabilistic rationing of indivisible units

Título: Compensation and sacrifice in the probabilistic rationing of indivisible units

Ponente: Ricardo Martinez (Universidad de Granada)

Organizador: Joaquín Sánchez Soriano

Fecha: Lunes 14 de junio de 2021 a las 12:00 horas.

Lugar:  Online.

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Abstract: We consider the problem of randomly allocating indivisible units of a resource among agents with conflicting claims on the resource. In the two-agent case, we characterize three focal rules combining axioms reflecting principles of compensation and sacrifice: probabilistic uniform awards, probabilistic uniform losses and probabilistic concede-and-divide. In the general case of n agents, the two uniform rules are characterized adding the axiom of consistency. There is, however, no consistent extension of probabilistic concede-and-divide.