Proportional rules for state contingent claims

Sinan Ertemel, Rajnish Kumar

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10 Citations (Scopus)
318 Downloads (Pure)


We consider rationing problems where the claims are state contingent.Before the state is realized individuals submit claims for every possiblestate of the world. A rule distributes resources before the realizationof the state of the world. We introduce two natural extensions of theproportional rule in this framework, namely, the ex-ante proportional ruleand the ex-post proportional rule, and then we characterize them usingstandard axioms from the literature.
Original languageEnglish
Number of pages18
JournalInternational Journal of Game Theory
Early online date10 Jul 2017
Publication statusPublished - Mar 2018


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