Sequential bankruptcy problems

Arantza Estévez-Fernández, José-Manuel Giménez-Gómez and María José Solís-Baltodano

European Journal of Operational Research, 2021, vol. 292, issue 1, 388-395

Abstract: In this paper, we analyze sequential bankruptcy problems, which generalize bankruptcy problems. They cover the problems of sharing water in a transboundary river and of allocating expedition rewards in projects. We propose the upwards mechanism for generalizing rules for bankruptcy problems to rules for sequential bankruptcy problems. Further, we characterize the upwards constrained equal awards, the upwards constrained equal losses, and the upwards proportional rules on the basis of upwards composition and upwards path independence.

Keywords: Game theory; Sequential bankruptcy; Upwards mechanism; Inherited properties (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ejores:v:292:y:2021:i:1:p:388-395

DOI: 10.1016/j.ejor.2020.10.038

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