Additive rules in bankruptcy problems and other related problems

Gustavo Bergantiños and Juan Vidal-Puga

Game Theory and Information from EconWPA

Abstract: In this paper we characterize the set of rules satisfying additivity on the estate along with additivity on the estate and the claims in bankruptcy problems and other related problems. Moreover, new characterizations of the well known rules based on the principles of "equal award", "equal loss", and "proportionality" are provided using these additivity properties.

Keywords: implementation; levels; coalition; structure (search for similar items in EconPapers)
JEL-codes: C71 C72 C78 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-gth
Date: 2003-04-07
Note: Type of Document - Tex; prepared on IBM PC - PC-TEX; to print on HP; pages: 19 ; figures: included
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Journal Article: Additive rules in bankruptcy problems and other related problems (2004)
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpga:0304001

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