Duality in land rental problems |
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Authors: | Alfredo Valencia-Toledo Juan Vidal-Puga |
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Affiliation: | 1. Research Group in Economic Analysis, Universidade de Vigo, Spain;2. ECOSOT and Department of Statistics and Operations Research, Universidade de Vigo, Spain |
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Abstract: | Land rental problems describe situations where one tenant demands land from several lessors. The way lessors rent their land can be seen as equivalent to a bankruptcy problem. We extend the idea of self-duality in bankruptcy problems to land rental problems. We provide a complete characterization of the family of rules that satisfy self-duality. Moreover, self-duality is enough to assure the proportional land share among lessors. Adding other reasonable properties, we pick up a single rule. |
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Keywords: | Self-duality Land rental problems Bankruptcy problems Proportional rule |
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