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Page title without namespace (page_title ) | 'Constrained equal awards' |
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New page wikitext, after the edit (new_wikitext ) | ''''Constrained equal awards''' '''(CEA)''' is a division rule for solving [[bankruptcy problem]]<nowiki/>s. According to this rule, each claimant should receive an equal amount, except that no claimant should receive more than his/her claim. In the context of taxation, it is known as '''leveling tax'''.<ref name=":1">{{Cite journal|last=William|first=Thomson|date=2003-07-01|title=Axiomatic and game-theoretic analysis of bankruptcy and taxation problems: a survey|url=https://www.sciencedirect.com/science/article/abs/pii/S0165489602000707|journal=Mathematical Social Sciences|language=en|volume=45|issue=3|pages=249–297|doi=10.1016/S0165-4896(02)00070-7|issn=0165-4896}}</ref>
== Formal definition ==
There is a certain amount of money to divide, denoted by ''<math>E</math>'' (=Estate or Endowment). There are ''n'' ''claimants''. Each claimant ''i'' has a [[Claim in bankruptcy|''claim'']] denoted by ''<math>c_i</math>''. Usually, <math>\sum_{i=1}^n c_i > E</math>, that is, the estate is insufficient to satisfy all the claims.
The '''CEA''' rule says that each claimant ''i'' should receive <math>\min(c_i, r)</math>, where ''r'' is a constant chosen such that <math>\sum_{i=1}^n \min(c_i,r) = E</math>. The rule can also be described algorithmically as follows:
* Initially, all agents are active.
* While there are remaining units of the estate:
** The next estate unit is divided equally among all active agents.
** Each agent whose total allocation equals its claim becomes inactive.
== Examples ==
Examples with two claimants:
* <math>CEA(60,90; 100) = (50,50)</math>; here <math>r=50</math>. In general, when all claims are at least <math>E/n</math>, each claimant receives exactly <math>E/n</math>.
* <math>CEA(40,80; 100) = (40,60)</math>; here <math>r=60</math>.
Examples with three claimants:
* <math>CEA(50,100,150; 100) = (33.333, 33.333, 33.333)</math>; here <math>r=33.333</math>.
* <math>CEA(50,100,150; 200) = (50, 75, 75)</math>; here <math>r=75</math>.
* <math>CEA(50,100,150; 300) = (50, 100, 150)</math>; here <math>r=150</math>.
== References ==
{{Reflist}}
[[Category:Division rules for bankruptcy problems]]' |
Unified diff of changes made by edit (edit_diff ) | '@@ -1,0 +1,27 @@
+'''Constrained equal awards''' '''(CEA)''' is a division rule for solving [[bankruptcy problem]]<nowiki/>s. According to this rule, each claimant should receive an equal amount, except that no claimant should receive more than his/her claim. In the context of taxation, it is known as '''leveling tax'''.<ref name=":1">{{Cite journal|last=William|first=Thomson|date=2003-07-01|title=Axiomatic and game-theoretic analysis of bankruptcy and taxation problems: a survey|url=https://www.sciencedirect.com/science/article/abs/pii/S0165489602000707|journal=Mathematical Social Sciences|language=en|volume=45|issue=3|pages=249–297|doi=10.1016/S0165-4896(02)00070-7|issn=0165-4896}}</ref>
+
+== Formal definition ==
+There is a certain amount of money to divide, denoted by ''<math>E</math>'' (=Estate or Endowment). There are ''n'' ''claimants''. Each claimant ''i'' has a [[Claim in bankruptcy|''claim'']] denoted by ''<math>c_i</math>''. Usually, <math>\sum_{i=1}^n c_i > E</math>, that is, the estate is insufficient to satisfy all the claims.
+
+The '''CEA''' rule says that each claimant ''i'' should receive <math>\min(c_i, r)</math>, where ''r'' is a constant chosen such that <math>\sum_{i=1}^n \min(c_i,r) = E</math>. The rule can also be described algorithmically as follows:
+
+* Initially, all agents are active.
+* While there are remaining units of the estate:
+** The next estate unit is divided equally among all active agents.
+** Each agent whose total allocation equals its claim becomes inactive.
+
+== Examples ==
+Examples with two claimants:
+
+* <math>CEA(60,90; 100) = (50,50)</math>; here <math>r=50</math>. In general, when all claims are at least <math>E/n</math>, each claimant receives exactly <math>E/n</math>.
+* <math>CEA(40,80; 100) = (40,60)</math>; here <math>r=60</math>.
+
+Examples with three claimants:
+
+* <math>CEA(50,100,150; 100) = (33.333, 33.333, 33.333)</math>; here <math>r=33.333</math>.
+* <math>CEA(50,100,150; 200) = (50, 75, 75)</math>; here <math>r=75</math>.
+* <math>CEA(50,100,150; 300) = (50, 100, 150)</math>; here <math>r=150</math>.
+
+== References ==
+{{Reflist}}
+[[Category:Division rules for bankruptcy problems]]
' |
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0 => ''''Constrained equal awards''' '''(CEA)''' is a division rule for solving [[bankruptcy problem]]<nowiki/>s. According to this rule, each claimant should receive an equal amount, except that no claimant should receive more than his/her claim. In the context of taxation, it is known as '''leveling tax'''.<ref name=":1">{{Cite journal|last=William|first=Thomson|date=2003-07-01|title=Axiomatic and game-theoretic analysis of bankruptcy and taxation problems: a survey|url=https://www.sciencedirect.com/science/article/abs/pii/S0165489602000707|journal=Mathematical Social Sciences|language=en|volume=45|issue=3|pages=249–297|doi=10.1016/S0165-4896(02)00070-7|issn=0165-4896}}</ref> ',
1 => '',
2 => '== Formal definition ==',
3 => 'There is a certain amount of money to divide, denoted by ''<math>E</math>'' (=Estate or Endowment). There are ''n'' ''claimants''. Each claimant ''i'' has a [[Claim in bankruptcy|''claim'']] denoted by ''<math>c_i</math>''. Usually, <math>\sum_{i=1}^n c_i > E</math>, that is, the estate is insufficient to satisfy all the claims.',
4 => '',
5 => 'The '''CEA''' rule says that each claimant ''i'' should receive <math>\min(c_i, r)</math>, where ''r'' is a constant chosen such that <math>\sum_{i=1}^n \min(c_i,r) = E</math>. The rule can also be described algorithmically as follows:',
6 => '',
7 => '* Initially, all agents are active.',
8 => '* While there are remaining units of the estate:',
9 => '** The next estate unit is divided equally among all active agents.',
10 => '** Each agent whose total allocation equals its claim becomes inactive.',
11 => '',
12 => '== Examples ==',
13 => 'Examples with two claimants:',
14 => '',
15 => '* <math>CEA(60,90; 100) = (50,50)</math>; here <math>r=50</math>. In general, when all claims are at least <math>E/n</math>, each claimant receives exactly <math>E/n</math>.',
16 => '* <math>CEA(40,80; 100) = (40,60)</math>; here <math>r=60</math>.',
17 => '',
18 => 'Examples with three claimants:',
19 => '',
20 => '* <math>CEA(50,100,150; 100) = (33.333, 33.333, 33.333)</math>; here <math>r=33.333</math>.',
21 => '* <math>CEA(50,100,150; 200) = (50, 75, 75)</math>; here <math>r=75</math>.',
22 => '* <math>CEA(50,100,150; 300) = (50, 100, 150)</math>; here <math>r=150</math>.',
23 => '',
24 => '== References ==',
25 => '{{Reflist}}',
26 => '[[Category:Division rules for bankruptcy problems]]'
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Unix timestamp of change (timestamp ) | 1632931307 |