The minimal overlap rule: restrictions on mergers for creditors’ consensus

Jose Alcalde, María Carmen Marco-Gil () and José Silva-Reus ()

TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, 2014, vol. 22, issue 1, 363-383

Abstract: As it is known, there is no rule satisfying additivity in the complete domain of bankruptcy problems. This paper proposes a notion of partial additivity in this context, to be called μ-additivity. We find out that this property, together with two quite compelling axioms, equal treatment of equals and continuity, identify the minimal overlap rule, introduced by O’Neill (Math. Soc. Sci. 2:345–371, 1982 ). Copyright Sociedad de Estadística e Investigación Operativa 2014

Keywords: Bankruptcy problems; Additivity; Minimal overlap rule; 91A12; 91B14 (search for similar items in EconPapers)
Date: 2014
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Working Paper: The Minimal Overlap Rule: Restrictions on Mergers for Creditors' Consensus (2012)
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DOI: 10.1007/s11750-012-0262-8

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