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Generalizing the constrained equal awards rule

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  • Bas Dietzenbacher

    (Maastricht University)

Abstract

This paper studies axiomatic characterizations of the constrained equal awards rule for bankruptcy problems. We show that many results apply in a much more general context than for which they are originally formulated. In particular, we generalize several axiomatic characterizations based on symmetry, sustainability, and consistency to the domain of bankruptcy problems with nontransferable utility.

Suggested Citation

  • Bas Dietzenbacher, 2023. "Generalizing the constrained equal awards rule," Theory and Decision, Springer, vol. 95(1), pages 131-150, July.
    • Handle: RePEc:kap:theord:v:95:y:2023:i:1:d:10.1007_s11238-022-09913-9
    DOI: 10.1007/s11238-022-09913-9
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    References listed on IDEAS

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    1. Kalai, Ehud, 1977. "Proportional Solutions to Bargaining Situations: Interpersonal Utility Comparisons," Econometrica, Econometric Society, vol. 45(7), pages 1623-1630, October.
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    4. Bas Dietzenbacher & Peter Borm & Arantza Estévez-Fernández, 2020. "NTU-bankruptcy problems: consistency and the relative adjustment principle," Review of Economic Design, Springer;Society for Economic Design, vol. 24(1), pages 101-122, June.
    5. William Thomson, 2011. "Consistency and its converse: an introduction," Review of Economic Design, Springer;Society for Economic Design, vol. 15(4), pages 257-291, December.
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    8. Carmen Herrero & Antonio Villar, 2002. "Sustainability in bankruptcy problems," TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer;Sociedad de Estadística e Investigación Operativa, vol. 10(2), pages 261-273, December.
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    12. Chun-Hsien Yeh, 2006. "Protective Properties and the Constrained Equal Awards Rule for Claims Problems: A Note," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 27(2), pages 221-230, October.
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    15. B. Dietzenbacher & A. Estévez-Fernández & P. Borm & R. Hendrickx, 2021. "Proportionality, equality, and duality in bankruptcy problems with nontransferable utility," Annals of Operations Research, Springer, vol. 301(1), pages 65-80, June.
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