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Remarks on solidarity in bankruptcy problems when agents merge or split

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  • Calleja, Pedro
  • Llerena, Francesc
  • Sudhölter, Peter

Abstract

In this note, we investigate the relationship between non-manipulability via merging (splitting) and strong non-manipulability via merging (splitting). Our analysis reveals that while these two non-manipulability axioms are generally not equivalent, they do coincide when the principle of solidarity is satisfied. This principle is fulfilled by a wide range of bankruptcy rules, including parametric rules.

Suggested Citation

  • Calleja, Pedro & Llerena, Francesc & Sudhölter, Peter, 2023. "Remarks on solidarity in bankruptcy problems when agents merge or split," Mathematical Social Sciences, Elsevier, vol. 125(C), pages 61-64.
    • Handle: RePEc:eee:matsoc:v:125:y:2023:i:c:p:61-64
    DOI: 10.1016/j.mathsocsci.2023.07.004
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    References listed on IDEAS

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