Abstract:The notion of lower bound on awards has been introduced in the literature to analyze the establishment of guarantees that ensure a minimum award to each agent involved in situations of conflicting claims, such as the rationing of a resource or the distribution of the assets of a bankrupt firm. Indeed, this concept has a core role in many approaches related to the problem of fair allocation (Thomson in Math Soc Sci 74:41–59, 2015) and a range of such lower bounds have been proposed: the minimal right (Curiel et… Show more
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