Solidarity and uniform rules in bankruptcy problems

Josep E. Peris and José M. Jiménez-Gómez ()
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José M. Jiménez-Gómez: Universitat Rovira i Virgili, Department d'Economia CREIP and GRODE,, Postal: Av. de la Universitat 1,, 43204 Reus,, Spain
Authors registered in the RePEc Author Service: José-Manuel Giménez-Gómez ()

No 12-8, QM&ET Working Papers from University of Alicante, D. Quantitative Methods and Economic Theory

Abstract: The idea of ensuring a guarantee (a minimum amount of the resources) to each agent has recently acquired great relevance, in both social and political terms. Furthermore, the notion of Solidarity has been treated frequently in redistribution problems to establish that any increment of the resources should be equally distributed taking into account some relevant characteristics. In this paper, we combine these two general concepts, guarantee and solidarity, to characterize the uniform rules in bankruptcy problems (Constrained Equal Awards and Constrained Equal Losses rules).

Keywords: Constrained Equal Awards; Constrained Equal Losses; Lower bounds; Bankruptcy problems; Solidarity (search for similar items in EconPapers)
JEL-codes: C71 D63 D71 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2012-03-23
New Economics Papers: this item is included in nep-gth
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Working Paper: Solidarity and uniform rules in bankruptcy problems (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:ris:qmetal:2012_008

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