2026-01-20T14:26:09Z
2026-01-20T14:26:09Z
2026-01-20T14:26:10Z
We provide axiomatic characterizations of the constrained equal awards and constrainedequal losses rules by imposing immunity principles such as non-manipulability via merging(splitting) and strong non-manipulability via merging (splitting). We show that the constrainedequal awards rule is the unique rule satisfying strong non-manipulability via mergingand contraction independence. Replacing contraction independence with the weaker conditionof independence of redundant claims yields a new characterization. Moreover, strongnon-manipulability via merging in the above two axiomatizations can be substituted byconsistency and non-manipulability via merging. By duality, we achieve parallel characterizationsof the constrained equal losses rule.
Article
Accepted version
English
Axiomes; Fusió d'empreses; Axioms; Consolidation and merger of corporations
Springer Verlag
Versió postprint del document publicat a: https://doi.org/10.1007/s11238-025-10096-2
Theory and Decision, 2025
https://doi.org/10.1007/s11238-025-10096-2
(c) Springer Verlag, 2025