Mediation in claims problems

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Title: Mediation in claims problems
Authors: Giménez Gómez, José Manuel | Peris, Josep E.
Research Group/s: Métodos Cuantitativos para la Economía
Center, Department or Service: Universidad de Alicante. Departamento de Métodos Cuantitativos y Teoría Económica
Keywords: Claims problems | Midpoint | Bounds | Recursivity | Self-duality
Knowledge Area: Fundamentos del Análisis Económico
Issue Date: 10-May-2014
Publisher: Springer Berlin Heidelberg
Citation: SERIEs. 2014, May: 19 p. doi:10.1007/s13209-014-0110-1
Abstract: Mediation is a dispute resolution process whereby agents reach a mutually acceptable agreement among different proposals that satisfy a set of principles. This paper provides a natural way of coming to such agreements in claims problems. In our approach, mediation combines (i) a set of fair properties (legitimate principles); and (ii) a criterion for delimiting the admissible manners of distributing the endowment, that is determined by the mediator expressing the two (dual) points of view to face such problems: awards and losses. These dual views define a lower and an upper bounds on awards, which are used to implement the so-called Double Recursive Process. We find that this process concludes at the midpoint between the two dual points of view. Finally, we argue that the criterion of the mediator could be established throughout Lorenz domination. In so doing, we retrieve the average of old and well-known rules.
Sponsor: Financial support from Universitat Rovira i Virgili, Banco Santander and Generalitat de Catalunya under project 2011LINE-06.
ISSN: 1869-4187 (Print) | 1869-4195 (Online)
DOI: 10.1007/s13209-014-0110-1
Language: eng
Type: info:eu-repo/semantics/article
Rights: This article is distributed under the terms of the Creative Commons Attribution License which permits any use, distribution, and reproduction in any medium, provided the original author(s) and the source are credited.
Peer Review: si
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Appears in Collections:INV - DMCTE - Artículos de Revistas

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