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On the convergence of the random arrival rule in large claims problems

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Abstract

We study the behavior of the random arrival rule in claims problems with a large number of claimants. We assume that the amount to divide is not too “small” compared with total claims, and each claim is not too “large” compared with any other positive claims. Then, the random arrival rule behaves like the proportional rule as the number of claimants increases.

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Authors and Affiliations

  1. School of Economics, Seoul National University, Seoul, 151-746, South Korea

    Youngsub Chun

  2. Department of Economics, University of Chicago, Chicago, IL, 60637, USA

    Junghoon Lee

Authors
  1. Youngsub Chun
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  2. Junghoon Lee
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Corresponding author

Correspondence to Youngsub Chun.

Additional information

We are grateful to Yuki Funaki, William Thomson, and three referees for their comments. This work was supported by the Brain Korea 21 Project in 2003

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Chun, Y., Lee, J. On the convergence of the random arrival rule in large claims problems. Int J Game Theory 36, 259–273 (2007). https://doi.org/10.1007/s00182-007-0075-4

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  • DOI: https://doi.org/10.1007/s00182-007-0075-4

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