Characterizing NTU-bankruptcy rules using bargaining axioms

Bas Dietzenbacher () and Hans Peters
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Bas Dietzenbacher: Maastricht University

Annals of Operations Research, 2022, vol. 318, issue 2, No 8, 888 pages

Abstract: Abstract This paper takes an axiomatic bargaining approach to bankruptcy problems with nontransferable utility, by using properties from bargaining theory in order to characterize bankruptcy rules. In particular, we derive new axiomatic characterizations of the proportional rule, the truncated proportional rule, and the constrained relative equal awards rule, using properties which concern changes in the estate or in the claims.

Keywords: NTU-bankruptcy problem; Axiomatic analysis; Bargaining theory (search for similar items in EconPapers)
JEL-codes: C78 D74 (search for similar items in EconPapers)
Date: 2022
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Working Paper: Characterizing NTU-Bankruptcy Rules using Bargaining Axioms (2018)
Working Paper: Characterizing NTU-bankruptcy rules using bargaining axioms (2018)
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DOI: 10.1007/s10479-020-03828-w

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