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A Concede-and-Divide Rule for Bankruptcy Problems

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Author Info

  • Quant, M.
  • Borm, P.E.M.
  • Maaten, R.

    (Tilburg University, Center for Economic Research)

Abstract

The concede-and-divide rule is a basic solution for bankruptcy problems with two claimants.An extension of the concede-and-divide rule to bankruptcy problems with more than two claimants is provided.This extension not only uses the concede-and-divide principle in its procedural definition, but also preserves the main properties of the concede-and-divide rule.

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Bibliographic Info

Paper provided by Tilburg University, Center for Economic Research in its series Discussion Paper with number 2005-20.

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Date of creation: 2005
Date of revision:
Handle: RePEc:dgr:kubcen:200520

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Web page: http://center.uvt.nl

Related research

Keywords: Bankruptcy problems; concede-and-divide rule;

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References

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  1. Ju, Y. & Borm, P.E.M. & Ruys, P.H.M., 2007. "The consensus value: A new solution concept for cooperative games," Open Access publications from Tilburg University urn:nbn:nl:ui:12-195202, Tilburg University.
  2. Nir Dagan, 1996. "New Characterizations of Old Bankruptcy Rules," Economic theory and game theory 002, Nir Dagan.
  3. Moreno-Ternero, Juan D. & Villar, Antonio, 2004. "The Talmud rule and the securement of agents' awards," Mathematical Social Sciences, Elsevier, vol. 47(2), pages 245-257, March.
  4. Thomson, William, 2003. "Axiomatic and game-theoretic analysis of bankruptcy and taxation problems: a survey," Mathematical Social Sciences, Elsevier, vol. 45(3), pages 249-297, July.
  5. O'Neill, Barry, 1982. "A problem of rights arbitration from the Talmud," Mathematical Social Sciences, Elsevier, vol. 2(4), pages 345-371, June.
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Cited by:
  1. Ju, Y. & Borm, P.E.M. & Ruys, P.H.M., 2004. "The Consensus Value: A New Solution Concept for Cooperative Games," Discussion Paper 2004-50, Tilburg University, Center for Economic Research.
  2. Marieke Quant & Peter Borm, 2011. "Random conjugates of bankruptcy rules," Social Choice and Welfare, Springer, vol. 36(2), pages 249-266, February.
  3. William Thomson, 2013. "Axiomatic and game-theoretic analysis of bankruptcy and taxation problems: an update," RCER Working Papers 578, University of Rochester - Center for Economic Research (RCER).

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