A random arrival rule for NTU-bankruptcy problems

Doudou Gong, Bas Dietzenbacher and Hans Peters
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Doudou Gong: RS: GSBE other - not theme-related research, Quantitative Economics

No 6, Research Memorandum from Maastricht University, Graduate School of Business and Economics (GSBE)

Abstract: This paper introduces and studies a random arrival rule for bankruptcy problems with nontransferable utility. This bankruptcy rule generalizes the random arrival rule for bankruptcy problems with transferable utility which assigns the unique efficient allocation proportional to the sum of marginal vectors. We provide two axiomatic characterizations based on symmetry and monotonicity, respectively.

JEL-codes: C79 D63 D74 (search for similar items in EconPapers)
Date: 2022-06-20
New Economics Papers: this item is included in nep-dem and nep-upt
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Journal Article: A random arrival rule for NTU-bankruptcy problems (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:unm:umagsb:2022006

DOI: 10.26481/umagsb.2022006

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