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The Proportional Rule for Multi-Issue Bankruptcy Problems

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Author Info
Juan D. Moreno-Ternero () (U. de Málaga, Universidad Pablo de Olavide y CORE, Universit´e catholique de Louvain)
Abstract

We investigate how to extend bankruptcy rules to the more general setting in which agents' claims may refer to di erent issues. We consider two natural procedures and show that, among all bankruptcy rules, the proportional rule is the only one whose extensions according to the two procedures yield the same outcomes.

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File URL: http://www.upo.es/serv/bib/wps/econ0911.pdf
File Format: application/pdf
File Function: First version, 2009
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Publisher Info
Paper provided by Universidad Pablo de Olavide, Department of Economics in its series Working Papers with number 09.11.

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Length: 12 pages
Date of creation: Nov 2009
Date of revision:
Handle: RePEc:pab:wpaper:09.11

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Related research
Keywords: Multi-issue bankruptcy problems; proportional rule; characterization result.;

Find related papers by JEL classification:
D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances

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  1. Calleja, Pedro & Borm, Peter & Hendrickx, Ruud, 2005. "Multi-issue allocation situations," European Journal of Operational Research, Elsevier, vol. 164(3), pages 730-747, August. [Downloadable!] (restricted)
  2. 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. [Downloadable!] (restricted)
  3. Ju, Biung-Ghi & Miyagawa, Eiichi & Sakai, Toyotaka, 2007. "Non-manipulable division rules in claim problems and generalizations," Journal of Economic Theory, Elsevier, vol. 132(1), pages 1-26, January. [Downloadable!] (restricted)
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This page was last updated on 2009-12-17.

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