EconPapers    
Economics at your fingertips  
 

Stochastic Bankruptcy Games

Helga Habis and P. Jean-Jacques Herings

No 1205, CERS-IE WORKING PAPERS from Institute of Economics, Centre for Economic and Regional Studies

Abstract: We study bankruptcy games where the estate and the claims have stochastic values. We use the Weak Sequential Core as the solution concept for such games.We test the stability of a number of well known division rules in this stochastic setting and find that most of them are unstable, except for the Constrained Equal Awards rule, which is the only one belonging to the Weak Sequential Core.

Keywords: transferable utility games; uncertainty; weak sequential core; bankruptcy games (search for similar items in EconPapers)
JEL-codes: C71 C73 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2012-02
New Economics Papers: this item is included in nep-gth and nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://econ.core.hu/file/download/mtdp/MTDP1205.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 500 Can't connect to econ.core.hu:80 (A connection attempt failed because the connected party did not properly respond after a period of time, or established connection failed because connected host has failed to respond.)

Related works:
Journal Article: Stochastic bankruptcy games (2013) Downloads
Working Paper: Stochastic bankruptcy games (2011) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:has:discpr:1205

Access Statistics for this paper

More papers in CERS-IE WORKING PAPERS from Institute of Economics, Centre for Economic and Regional Studies Contact information at EDIRC.
Bibliographic data for series maintained by Nora Horvath ( this e-mail address is bad, please contact ).

 
Page updated 2025-03-30
Handle: RePEc:has:discpr:1205