Remarks on solidarity in bankruptcy problems when agents merge or split

Pedro Calleja, Francesc Llerena and Peter Sudhölter

Mathematical Social Sciences, 2023, vol. 125, issue C, 61-64

Abstract: In this note, we investigate the relationship between non-manipulability via merging (splitting) and strong non-manipulability via merging (splitting). Our analysis reveals that while these two non-manipulability axioms are generally not equivalent, they do coincide when the principle of solidarity is satisfied. This principle is fulfilled by a wide range of bankruptcy rules, including parametric rules.

Keywords: Non-manipulability via merging or splitting; Solidarity; Bankruptcy rule (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:matsoc:v:125:y:2023:i:c:p:61-64

DOI: 10.1016/j.mathsocsci.2023.07.004

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