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Query: faculty: "FEB" and publication year: "2011"

AuthorsM. Atlamaz, C. Berden, H. Peters, D. Vermeulen
TitleNon-cooperative solutions for estate division problems
JournalGames and Economic Behaviour
Volume73
Year2011
Issue1
Pages39-51
ISSN08998256
FacultyFaculty of Economics and Business
Institute/dept.FEB: Amsterdam School of Economics Research Institute (ASE-RI)
AbstractIn an estate division problem an estate has to be divided among several players whose total entitlement to the estate exceeds its size. This paper extends the non-cooperative approach through a claim game, as initiated by O ľNeill (1982), by allowing players to put multiple claims on the same part of the estate, and by considering the case where individual entitlements may exceed the estate. A full characterization of the set of Nash equilibria of the claim game is obtained both for restricted estate division problems, where individual entitlements do not exceed the estate, and for the general case. Variations on the claim game are considered, which result in proportional division in equilibrium.
Document typeArticle
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