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.
Bibliographical noteFunding Information:
Alfredo Valencia-Toledo thanks the Ministry of Education of Peru for its financial support through the “ Beca Presidente de la República-PRONABEC ” grant ( 2013-III ). Juan Vidal-Puga acknowledges financial support by the Spanish Ministerio de Economía y Competitividad ( ECO2014-52616-R ) and Xunta de Galicia ( GRC 2015/014 ).
© 2017 Elsevier B.V.
- Bankruptcy problems
- Land rental problems
- Proportional rule