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Linear Sharing Rules
©James Huang All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission, provided that full acknowledgement is given. We derive necessary and sufficient conditions for a Pareto optimal sharing rule to be linear in wealth and for all Pareto optimal sharing rules to be linear in wealth. We also show that when agents' beliefs have a particu...
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ژورنال
عنوان ژورنال: Annals of Finance
سال: 2016
ISSN: 1614-2446,1614-2454
DOI: 10.1007/s10436-016-0279-3