BANKRUPTCY RULES AND COALITIONAL MANIPULATION

Juan Moreno-Ternero

International Game Theory Review (IGTR), 2007, vol. 09, issue 01, 105-118

Abstract: In this paper, we study the immunity of bankruptcy rules to manipulation via merging or splitting agents' claims. We focus on the TAL-family of bankruptcy rules (Moreno-Ternero & Villar, 2005), a one-parameter family encompassing three classical rules: the Talmud (T) rule, the constrained equal-awards (A) rule and the constrained equal-losses (L) rule. We show that all rules within the TAL-family are partially non-manipulable and identify the domain of problems where each rule is either non-manipulable by merging or non-manipulable by splitting. We also show that they can be ranked in terms of their relative non-manipulability, according to the parameter that generates the family.

Keywords: Bankruptcy problems; TAL-family; manipulation by merging; manipulation by splitting; JEL Classification: D63 (search for similar items in EconPapers)
JEL-codes: B4 C0 C6 C7 D5 D7 M2 (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (16)

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DOI: 10.1142/S0219198907001308

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