Fair Division of Scarce Resources: A Brief Survey of Claims Problems

Year 2023, Volume: 3 Issue: 1, 51 - 57, 28.07.2023

Sinan Ertemel

Abstract

Project Number

BAP-39970

Fair Division of Scarce Resources: A Brief Survey of Claims Problems

Abstract

This paper studies the fair division of a scarce resource among competing claimants, a problem commonly referred to as the claims problem in the literature. This model has numerous practical applications, ranging from estate division and rationing to bankruptcy and even fundamental taxation issues. An axiomatic approach is utilized to scrutinize the properties of division rules, which are represented as mathematical axioms. The paper offers an analysis of prominent division rules, such as the proportional and egalitarian rules, alongside their axiomatic characterizations. Ultimately, the paper presents a comprehensive framework for achieving a fair and equitable allocation of scarce resources among competing claimants.

Keywords

fair division, claims problem, rationing, bankruptcy, inheritance, taxation, division rules

Supporting Institution

İstanbul Teknik Üniversitesi

Project Number

BAP-39970

Thanks

The author acknowledges financial support from Istanbul Technical University (BAP–39970).

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