Bankruptcy games and the Ibn Ezra’s proposal

Jose Alcalde (), María Marco () and Jose Angel Silva

Economic Theory, 2005, vol. 26, issue 1, pages 103-114

Abstract: This paper explores an old solution for bankruptcy problems, described by Ibn Ezra in the XII century. Particularly, we introduce a new way of extending the Ibn Ezra’s proposal, the Generalized Ibn Ezra solution, by imposing that the general distribution principle from which it is inspired remains fixed. In this context, we follow the interpretation of bankruptcy problems in terms of TU games given in O’Neill (1982), and propose the analysis of the Transition Game associated to bankruptcy problems to provide a characterization for the Generalized Ibn Ezra solution. Copyright Springer-Verlag Berlin/Heidelberg 2005

Keywords: Bankruptcy problems; Cooperative games; Ibn Ezra’s proposal. (search for similar items in EconPapers)
Date: 2005
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Working Paper: BANKRUPTCY GAMES AND THE IBN EZRA'S PROPOSAL (2002)
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