Proportionality, equality, and duality in bankruptcy problems with nontransferable utility

Bas Dietzenbacher, A. Estévez-Fernández, Peter Borm and R. Hendrickx
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A. Estévez-Fernández: VU University Amsterdam
R. Hendrickx: Tilburg University

Annals of Operations Research, 2021, vol. 301, issue 1, No 6, 65-80

Abstract: Abstract This paper studies bankruptcy problems with nontransferable utility as a generalization of bankruptcy problems with monetary estate and claims. Following the theory on TU-bankruptcy, we introduce a duality notion for NTU-bankruptcy rules and derive several axiomatic characterizations of the proportional rule and the constrained relative equal awards rule.

Keywords: NTU-bankruptcy; Duality; Proportional rule; Constrained relative equal awards rule (search for similar items in EconPapers)
JEL-codes: C79 D63 D74 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (3)

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Working Paper: Proportionality, Equality, and Duality in Bankruptcy Problems with Nontransferable Utility (2016)
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DOI: 10.1007/s10479-020-03643-3

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