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- W2021643626 abstract "Recently there have been several studies to provide axiomatic characterizations of solutions to rights problems. However, these studies do not give a satisfactory answer to the question why the proportional solution is the most widely used. This is the question addressed in this paper. To that purpose, we adopt the axiomatic approach; we suggest a set of axioms which a desirable solution should satisfy and we show that the proportional solution is the only solution to satisfy these axioms. Our main axioms are no advantageous reallocation and additivity. A solution satisfies no advantageous reallocation if no subgroup of claimants ever benefits by transferring parts of their claims between themselves. A solution satisfies additivity if it yields the same allocation whether the total estate is divided at once or in several steps." @default.
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- W2021643626 date "1988-06-01" @default.
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- W2021643626 title "The proportional solution for rights problems" @default.
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- W2021643626 doi "https://doi.org/10.1016/0165-4896(88)90009-1" @default.
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