The proportional rule for multi-issue bankruptcy problems

Juan Moreno-Ternero

Economics Bulletin, 2009, vol. 29, issue 1, 474-481

Abstract: We investigate how to extend bankruptcy rules to the more general setting in which claims may refer to different issues. We consider two natural procedures and show that, among all bankruptcy rules, the proportional rule is the only one whose extensions according to the two procedures yield the same outcomes.

Keywords: Multi-issue bankruptcy problems; proportional rule; characterization result. (search for similar items in EconPapers)
JEL-codes: D6 D7 (search for similar items in EconPapers)
Date: 2009-03-27
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Citations: View citations in EconPapers (26)

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Related works:
Working Paper: The proportional rule for multi-issue bankruptcy problems (2009)
Working Paper: The Proportional Rule for Multi-Issue Bankruptcy Problems (2009)
Working Paper: The Proportional Rule for Multi-Issue Bankruptcy Problems (2009)
Working Paper: The proportional rule for multi-issue bankruptcy problems (2006)
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