Generalized bankruptcy problem

Alexander Karpov and Semyon Yurkov ()
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Semyon Yurkov: University of Trento, Department of Mathematics.

HSE Working papers from National Research University Higher School of Economics

Abstract: A new approach to the bankruptcy problem is considered. We take into account the system of intercreditor debts. The traditional approach is a special case of our generalized model. Utilizing a cooperative game approach we prove the core existence of the corresponding game. The sequential nucleolus solution is applied.

Keywords: bankruptcy problem; sequential nucleolus. (search for similar items in EconPapers)
JEL-codes: C71 G33 (search for similar items in EconPapers)
Pages: 12 pages
Date: 2012
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Citations: View citations in EconPapers (1)

Published in WP BRP Series: Financial Economics / FE, November 2012, pages 1-12

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Persistent link: https://EconPapers.repec.org/RePEc:hig:wpaper:08/fe/2012

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