Standard
Linear sharing rules. /
Huang, J.
Lancaster University: The Department of Accounting and Finance, 2002. (Accounting and Finance Working Paper Series).
Research output: Working paper
Harvard
Huang, J 2002 '
Linear sharing rules' Accounting and Finance Working Paper Series, The Department of Accounting and Finance, Lancaster University.
APA
Vancouver
Huang J.
Linear sharing rules. Lancaster University: The Department of Accounting and Finance. 2002. (Accounting and Finance Working Paper Series).
Author
Huang, J. /
Linear sharing rules. Lancaster University : The Department of Accounting and Finance, 2002. (Accounting and Finance Working Paper Series).
Bibtex
@techreport{01eba891192d41598d62fb514381294a,
title = "Linear sharing rules",
abstract = "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 belief have a particular feature a Pareto optimal sharing rule is linear in wealth if and only if all Pareto optimal sharing rules are linear. The results obtained in this paper generalize those on linear sharing rules in the existing literature. Unlike the special case when aggregate wealth is dependent on a state variable, even if all Pareto optimal sharing rules are linear it is not necessary that agents utility functions be of the equicautous HARA class.",
author = "J Huang",
year = "2002",
language = "English",
series = "Accounting and Finance Working Paper Series",
publisher = "The Department of Accounting and Finance",
type = "WorkingPaper",
institution = "The Department of Accounting and Finance",
}
RIS
TY - UNPB
T1 - Linear sharing rules
AU - Huang, J
PY - 2002
Y1 - 2002
N2 - 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 belief have a particular feature a Pareto optimal sharing rule is linear in wealth if and only if all Pareto optimal sharing rules are linear. The results obtained in this paper generalize those on linear sharing rules in the existing literature. Unlike the special case when aggregate wealth is dependent on a state variable, even if all Pareto optimal sharing rules are linear it is not necessary that agents utility functions be of the equicautous HARA class.
AB - 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 belief have a particular feature a Pareto optimal sharing rule is linear in wealth if and only if all Pareto optimal sharing rules are linear. The results obtained in this paper generalize those on linear sharing rules in the existing literature. Unlike the special case when aggregate wealth is dependent on a state variable, even if all Pareto optimal sharing rules are linear it is not necessary that agents utility functions be of the equicautous HARA class.
M3 - Working paper
T3 - Accounting and Finance Working Paper Series
BT - Linear sharing rules
PB - The Department of Accounting and Finance
CY - Lancaster University
ER -
