Bilateral Comparisons and Consistent Fair Division Rules in the Context of Bankruptcy Problems
AbstractWe analyze the problem of extending a given bilateral principle of justice to a consistent n-creditor bankruptcy rule. Based on the bilateral principle, 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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Bibliographic InfoPaper provided by Nir Dagan in its series Economic theory and game theory with number 004.
Length: 15 pages
Date of creation: 1997
Date of revision:
Publication status: Published in International Journal of Game Theory 26:11-25 (1997)
Contact details of provider:
Postal: Nir Dagan, Dept. of Economics and Management, Tel-Hai Academic College, Upper Galilee, Israel.
Web page: http://www.nirdagan.com/research/
Other versions of this item:
- Oscar Volij & Nir Dagan, 1997. "Bilateral Comparisons and Consistent Fair Division Rules in the Context of Bankruptcy Problems," International Journal of Game Theory, Springer, vol. 26(1), pages 11-25.
- Volij, Oscar & Dagan, Nir, 1997. "Bilateral Comparisons and Consistent Fair Division Rules in the Context of Bankruptcy Problems," Staff General Research Papers 5141, Iowa State University, Department of Economics.
- Dagan, N. & Volij, O., 1994. "Bilateral Comparisons and Consistent Fair Division Rules in the Context of Bankruptcy Problems," Discussion Paper 1994-23, Tilburg University, Center for Economic Research.
- NEP-ALL-2004-11-22 (All new papers)
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