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GameTheory (version 2.7)

CEA: 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

Author

Sebastian Cano-Berlanga <cano.berlanga@gmail.com>

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.

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.