 Families of sequential priority rules and random arrival rules with withdrawal limitsMathematical Social Sciences, 2021, vol. 113, issue C, 136-148 Abstract: This paper deals with extensions of the family of sequential priority rules and the random arrival rule for bankruptcy problems when withdrawal limits are fixed by an arbitrator. We assume two approaches to limit withdrawals. The first is based on the principle that agents can only obtain at most a fixed part of the endowment each time they qualify for an award, and the second that agents can only receive at most a proportion of their claims each time they are attended. For each approach we introduce two pairs of families, each consisting of a sequential priority rule-like family and a random arrival rule-like family. Applying the first approach, we show that the constrained equal awards rule belongs to each of the families. In the second, we prove the same for the proportional rule. We study in detail one pair of families for each approach, and the others are examined in relation to them. Keywords: Bankruptcy problems; Withdrawal limits; Sequential priority rules; Random arrival rule; Constrained equal awards rule; Proportional rule (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:matsoc:v:113:y:2021:i:c:p:136-148 DOI: 10.1016/j.mathsocsci.2021.06.002 Access Statistics for this article Mathematical Social Sciences is currently edited by J.-F. Laslier More articles in Mathematical Social Sciences from Elsevier |
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