Integer solutions to bankruptcy problems with non-integer claims

Vito Fragnelli (), Stefano Gagliardo () and Fabio Gastaldi ()

TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, 2014, vol. 22, issue 3, 892-933

Abstract: In this paper, we consider a bankruptcy problem with the additional constraint that the estate has to be assigned in integer unities; differently from the approaches by other authors, we allow for non-integer claims. This situation poses new questions on the existence and the uniqueness of the solution. We propose a new solution method that leads to the “box solution”, for which uniqueness may be guaranteed introducing a ranking on the claimants. Some examples complete the paper. Copyright Sociedad de Estadística e Investigación Operativa 2014

Keywords: Bankruptcy problems; Integer solutions; 91A12; 91B32 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (11)

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DOI: 10.1007/s11750-013-0304-x

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