Stochastic Bankruptcy Games
AbstractWe study bankruptcy games where the estate and the claims have stochastic values. We use the WeakSequential Core as the solution concept for such games. We test the stability of a number of wellknown division rules in this stochastic setting and find that most of them are unstable, exceptfor the Constrained Equal Awards rule, which is the only one belonging to the Weak Sequential Core.
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Bibliographic InfoPaper provided by Maastricht : METEOR, Maastricht Research School of Economics of Technology and Organization in its series Research Memoranda with number 045.
Date of creation: 2011
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Web page: http://www.maastrichtuniversity.nl/web/UMPublications.htm
Other versions of this item:
- C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
- C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
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