CEA {GameTheory}

Constrained Equal Awards Rule

Description

This function calculates how to distribute a given endowment by the CEA rule.

Usage

CEA(E, C, Names = NULL)

Arguments

E

Endowment

C

Claims of the agents

Names

Labels of the agents

Details

The constrained equal awards (CEA) rule (Maimonides, 12th century), proposes equal awards to all agents subject to no one receiving more than his claim.

Note

In order to calculate the rule properly, input the claims of the agents in ascending order.

Author(s)

Sebastian Cano-Berlanga <[e-mail]>

References

Aumann, R.J. and Maschler, M., (1985) "Game Theoretic Analysis of a bankruptcy from the Talmud." Journal of Economic Theory 36, pp.195–213.