Sharing Sequentially Triggered Losses: Automated Conflict Resolution Through Smart Contracts

• 成果类型: Article
• 署名作者: Gudmundsson, Jens; Hougaard, Jens Leth; Ko, Chiu Yu
• 署名单位: University of Copenhagen; Chinese University of Hong Kong
• 刊物名称: MANAGEMENT SCIENCE
• ISSN/ISSBN: 0025-1909
• DOI: 10.1287/mnsc.2023.4772
• 发表日期: 2024
• 页码: 1773-1786
• 关键词: sequential losses; Fair allocation; Smart contracts; cost allocation

摘要

When actions by one agent force another to deviate from their agreements with a third, victim turns into injurer in the chain's subsequent steps. Should the chain's initiator be responsible only for the direct harm they cause or also bear some of the indirect losses they trigger? Through an axiomatic approach, we characterize the class of fixed fraction rules, which strike a balance between incentives for accident prevention on the one hand and fairness in terms of how liabilities are assigned on the other. Their simple design make the rules ideal for practical implementation through smart contracts, enabling automated conflict resolution.