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Bilateral Comparisons and Consistent Fair Division Rules in the Context of Bankruptcy Problems

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Author Info
Volij, Oscar
Dagan, Nir

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Abstract

We analyze the problem of extending a given bilateral principle of justice to a consistent n-creditor bankruptcy rule. Based on the bilateral principal, we build a family of binary relations on the set of creditors in order to make bilateral comparisons between them. We find that the possibility of extending a specific bilateral principle of justice in a consistent way is closely related to the quasi-transitivity of the binary relations mentioned above.

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Publisher Info
Paper provided by Iowa State University, Department of Economics in its series Staff General Research Papers with number 5141.

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Date of creation: 01 Mar 2002
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Publication status: Published in International Journal of Game Theory, 1997, Vol. 26, pp. 11-26.
Handle: RePEc:isu:genres:5141

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Postal: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070
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  1. Roberto Serrano & Ken-Ichi Shimomura, 2005. "A Comparison Of The Average Prekernel And The Prekernel," Economics Working Papers we055827, Universidad Carlos III, Departamento de Economía. [Downloadable!]
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  2. William Thomson, 2006. "On the Existence of Consistent Rules to Adjudicate Conflicting Claims: A Constructive Geometric Approach," RCER Working Papers 528, University of Rochester - Center for Economic Research (RCER). [Downloadable!]
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  3. William Thomson, 2006. "The Two-Agent Claims-Truncated Proportional Rule Has No Consistent Extension: A Constructive Proof," RCER Working Papers 529, University of Rochester - Center for Economic Research (RCER). [Downloadable!]
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  4. Diego Dominguez & William Thomson, 2004. "A New Solution to the Problem of Adjudicating Conflicting Claims," RCER Working Papers 511, University of Rochester - Center for Economic Research (RCER). [Downloadable!]
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