Proportionality And Non-Manipulability In Bankruptcy Problems
Abstract
We explore the relationship between proportionality and manipulation (via merging or splitting agents' claims) in bankruptcy problems. We provide an alternative proof to the well-known result that, in an unrestricted domain, immunity to manipulation is equivalent to requiring proportional division. We show that this result also holds for restricted (but sufficiently rich) domains, such as the domain of simple problems and the domain of zero-normalized problems. Finally, we characterize two adjustments of the proportional rule by combining non-manipulabilty on these domains and the usual axioms of independence of claims truncation and composition from minimal rights.Download Info
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Bibliographic Info
Article provided by World Scientific Publishing Co. Pte. Ltd. in its journal International Game Theory Review.
Volume (Year): 08 (2006)
Issue (Month): 01 ()
Pages: 127-139
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Related research
Keywords: Bankruptcy problems; proportional allocation; manipulation via merging or splitting; axiomatic characterizations; JEL Classification Code: D63;Find related papers by JEL classification:
- B4 - Schools of Economic Thought and Methodology - - Economic Methodology
- C0 - Mathematical and Quantitative Methods - - General
- C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
- C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
- D5 - Microeconomics - - General Equilibrium and Disequilibrium
- D7 - Microeconomics - - Analysis of Collective Decision-Making
- M2 - Business Administration and Business Economics; Marketing; Accounting - - Business Economics
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Karagozoglu, Emin, 2008.
"A Noncooperative Approach to Bankruptcy Problems with an Endogenous Estate,"
Research Memoranda
031, Maastricht : METEOR, Maastricht Research School of Economics of Technology and Organization.
- Karagözoğlu Emin, 2010. "A Noncooperative Approach to Bankruptcy Problems with an Endogenous Estate," Research Memoranda 027, Maastricht : METEOR, Maastricht Research School of Economics of Technology and Organization.
- Arantza Estevez-Fernandez & Peter Borm & Herbert Hamers, 2010. "A Note on Passepartout Problems," Tinbergen Institute Discussion Papers 10-031/1, Tinbergen Institute.
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