Characterization of solutions for bankruptcy problems

Elvio Accinelli, Leobardo Plata Pérez () and Joss Sanchez-Perez ()

No 1911, Documentos de Trabajo (working papers) from Department of Economics - dECON

Abstract: This paper provides an analysis of solutions to bankruptcy problems from an axiomatic point of view. In particular, we provide characterizations of certain classes of solutions involving the properties of linearity, symmetry and efficiency. Furthermore, we show that there is a unique solution satisfying the previous axioms and inessentiality.

Keywords: Bankruptcy problems; axiomatic solutions. (search for similar items in EconPapers)
JEL-codes: A12 C02 C71 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2011-08
New Economics Papers: this item is included in nep-gth
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Persistent link: https://EconPapers.repec.org/RePEc:ude:wpaper:1911

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