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A Flow Approach to Bankruptcy Problems

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Abstract

In this note we represent a classical bankruptcy problem as a standard flow problem on a simple network and implement some known division rules from the bankruptcy literature via suitable cost functions in the related minimum cost flow problem.

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  • Rodica Branzei & Giulio Ferrari & Vito Fragnelli & Stef Tijs, 2008. "A Flow Approach to Bankruptcy Problems," Czech Economic Review, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, vol. 2(2), pages 146-153, September.
  • Handle: RePEc:fau:aucocz:au2008_146
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    File URL: http://auco.fsv.cuni.cz/storage/39_2008_01_146.pdf
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    Cited by:

    1. Erik Ansink & Hans-Peter Weikard, 2012. "Sequential sharing rules for river sharing problems," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 38(2), pages 187-210, February.
    2. Thomson, William, 2015. "Axiomatic and game-theoretic analysis of bankruptcy and taxation problems: An update," Mathematical Social Sciences, Elsevier, vol. 74(C), pages 41-59.
    3. Rahmi İlkılıç & Çağatay Kayı, 2014. "Allocation rules on networks," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 43(4), pages 877-892, December.
    4. Rodney Beard, 2011. "The river sharing problem : A review of the technical literature for policy economists," Post-Print hal-00827354, HAL.
    5. Rodica Branzei & Giulio Ferrari & Vito Fragnelli & Stef Tijs, 2011. "A bonus-malus approach to project management," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 19(4), pages 495-512, December.
    6. Jacob Rightnar & Ariel Dinar, 2020. "The Welfare Implications of Bankruptcy Allocation of the Colorado River Water: The Case of the Salton Sea Region," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 34(8), pages 2353-2370, June.
    7. Giovanni Sechi & Riccardo Zucca, 2015. "Water Resource Allocation in Critical Scarcity Conditions: A Bankruptcy Game Approach," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 29(2), pages 541-555, January.
    8. Vito Fragnelli & Stefano Gagliardo & Fabio Gastaldi, 2014. "Integer solutions to bankruptcy problems with non-integer claims," TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer;Sociedad de Estadística e Investigación Operativa, vol. 22(3), pages 892-933, October.

    More about this item

    Keywords

    Allocation rules; bankruptcy problems; flow problems;
    All these keywords.

    JEL classification:

    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation

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