A random arrival rule for NTU-bankruptcy problems

Doudou Gong, Bas Dietzenbacher and Hans Peters

Economics Letters, 2022, vol. 218, issue C

Abstract: This paper introduces and studies a random arrival rule for bankruptcy problems with nontransferable utility. This bankruptcy rule generalizes the random arrival rule for bankruptcy problems with transferable utility which assigns the unique efficient allocation proportional to the sum of marginal vectors. We provide two axiomatic characterizations based on symmetry and monotonicity, respectively.

Keywords: NTU-bankruptcy problems; random arrival rule; axiomatic analysis (search for similar items in EconPapers)
JEL-codes: C79 D63 D74 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:218:y:2022:i:c:s0165176522002567

DOI: 10.1016/j.econlet.2022.110736

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