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Title:
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How to distribute the ERDF funds through a combination of egalitarian allocations: the CELmin
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Author:
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Salekpay, Foroogh; Giménez-Gómez, José Manuel
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Other authors:
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Universitat Rovira i Virgili. Departament d'Economia; Vilella Bach, Misericòrdia |
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Abstract:
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As Solís-Baltodano et al. (2021) figure out, almost a third of the total
European Union budget– has been set aside for the Cohesion Policy during
the 2014-2020 period. The distribution of this budget is made through three
main structural and investment funds, trying to provoke the convergence
in the level of development of EU countries. Specifically, the authors, by
analysing this situation as a claims problem (O’Neill, 1982), find out the
claims solution that performs better than the others by reducing inequality
promoting convergence to a greater degree (the constrained equal losses
rule). Nonetheless, when using this egalitarian division of losses, regions may
receive no amount of funds. This paper defines a new way to distribute the
limited resources of the European Regional Development Fund (ERDF). We
propose a compromise between the egalitarian approaches, i.e., we combine
the egalitarian division of the funds with an egalitarian division of the losses
(what regions do not get). In doing so, our proposal combines the constrained
equal losses solution with the ensuring of a minimum amount to each region
(sustainable bound). Finally, we provide an axiomatic analysis of the new
solution and we apply it to the ERDF problem.
Keywords: European Regional Development Fund; Conflicting claims
problems; Egalitarian distribution; Constrained equal losses |
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Publication date:
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2022 |
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Subject (UDC):
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504 - Ciències del medi ambient |
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Subject(s):
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Fons Europeu de Desenvolupament Regional |
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Rights:
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L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons:http://creativecommons.org/licenses/by-nc-nd/4.0/ |
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Pages:
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21 p. |
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Document type:
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Working Paper |
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Published by:
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ECO-SOS, Centre de Recerca en Economia i Sostenibilitat
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Collection:
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Documents de treball del Departament d'Economia;2022-01
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