IDEAS home Printed from https://ideas.repec.org/p/pab/wpaper/10.15.html
   My bibliography  Save this paper

A coalitional procedure leading to a family of bankruptcy rules

Author

Listed:
  • Juan D. Moreno-Ternero

    (U. de Málaga, U. Pablo de Olavide y CORE, Université catholique de Louvain)

Abstract

We provide a general coalitional procedure that characterizes a family of rules for bankruptcy problems inspired by the Talmud.

Suggested Citation

  • Juan D. Moreno-Ternero, 2010. "A coalitional procedure leading to a family of bankruptcy rules," Working Papers 10.15, Universidad Pablo de Olavide, Department of Economics.
    • Handle: RePEc:pab:wpaper:10.15
    as

    Download full text from publisher

    File URL: http://www.upo.es/serv/bib/wps/econ1015.pdf
    File Function: First version, 2010
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. 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.
    2. Yeh, Chun-Hsien, 2008. "Secured lower bound, composition up, and minimal rights first for bankruptcy problems," Journal of Mathematical Economics, Elsevier, vol. 44(9-10), pages 925-932, September.
    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.
    4. Juan Moreno-Ternero & Antonio Villar, 2006. "The TAL-Family of Rules for Bankruptcy Problems," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 27(2), pages 231-249, October.
    5. 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.
    6. Aumann, Robert J. & Maschler, Michael, 1985. "Game theoretic analysis of a bankruptcy problem from the Talmud," Journal of Economic Theory, Elsevier, vol. 36(2), pages 195-213, August.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Oihane Gallo & Bettina Klaus, 2022. "Stable partitions for proportional generalized claims problems," Cahiers de Recherches Economiques du Département d'économie 22.03, Université de Lausanne, Faculté des HEC, Département d’économie.
    2. René Brink & Juan D. Moreno-Ternero, 2017. "The reverse TAL-family of rules for bankruptcy problems," Annals of Operations Research, Springer, vol. 254(1), pages 449-465, July.
    3. Peters, Hans & Schröder, Marc & Vermeulen, Dries, 2019. "Claim games for estate division problems," Games and Economic Behavior, Elsevier, vol. 116(C), pages 105-115.
    4. Thomson, William, 2015. "Axiomatic and game-theoretic analysis of bankruptcy and taxation problems: An update," Mathematical Social Sciences, Elsevier, vol. 74(C), pages 41-59.
    5. Erik Ansink & Hans-Peter Weikard, 2015. "Composition properties in the river claims problem," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 44(4), pages 807-831, April.
    6. Juan D. Moreno‐Ternero & Min‐Hung Tsay & Chun‐Hsien Yeh, 2022. "Strategic justifications of the TAL family of rules for bankruptcy problems," International Journal of Economic Theory, The International Society for Economic Theory, vol. 18(1), pages 92-102, March.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Thomson, William, 2015. "Axiomatic and game-theoretic analysis of bankruptcy and taxation problems: An update," Mathematical Social Sciences, Elsevier, vol. 74(C), pages 41-59.
    2. Jens Leth Hougaard & Juan D. Moreno-Ternero & Lars Peter Østerdal, 2010. "Baseline Rationing," Discussion Papers 10-16, University of Copenhagen. Department of Economics.
    3. Hougaard, Jens Leth & Moreno-Ternero, Juan D. & Østerdal, Lars Peter, 2012. "A unifying framework for the problem of adjudicating conflicting claims," Journal of Mathematical Economics, Elsevier, vol. 48(2), pages 107-114.
    4. Juan D. Moreno-Ternero & Min-Hung Tsay & Chun-Hsien Yeh, 2020. "A strategic justification of the Talmud rule based on lower and upper bounds," International Journal of Game Theory, Springer;Game Theory Society, vol. 49(4), pages 1045-1057, December.
    5. Harless, Patrick, 2017. "Wary of the worst: Maximizing award guarantees when new claimants may arrive," Games and Economic Behavior, Elsevier, vol. 105(C), pages 316-328.
    6. Emin Karagözoğlu, 2014. "A noncooperative approach to bankruptcy problems with an endogenous estate," Annals of Operations Research, Springer, vol. 217(1), pages 299-318, June.
    7. Sanchez-Soriano, Joaquin, 2021. "Families of sequential priority rules and random arrival rules with withdrawal limits," Mathematical Social Sciences, Elsevier, vol. 113(C), pages 136-148.
    8. William Thomson, 2014. "Compromising between the proportional and constrained equal awards rules," RCER Working Papers 584, University of Rochester - Center for Economic Research (RCER).
    9. Patrick Harless, 2017. "Endowment additivity and the weighted proportional rules for adjudicating conflicting claims," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 63(3), pages 755-781, March.
    10. Juan D. Moreno-Ternero, 2017. "A Talmudic Approach to Bankruptcy Problems," Working Papers 17.01, Universidad Pablo de Olavide, Department of Economics.
    11. René Brink & Juan D. Moreno-Ternero, 2017. "The reverse TAL-family of rules for bankruptcy problems," Annals of Operations Research, Springer, vol. 254(1), pages 449-465, July.
    12. Giménez-Gómez, José-Manuel & Peris, Josep E. & Solís-Baltodano, María-José, 2017. "Resource Allocation with Warranties in Claims Problems," QM&ET Working Papers 17-4, University of Alicante, D. Quantitative Methods and Economic Theory.
    13. Trudeau, Christian, 2018. "From the bankruptcy problem and its Concede-and-Divide solution to the assignment problem and its Fair Division solution," Games and Economic Behavior, Elsevier, vol. 108(C), pages 225-238.
    14. Koster, Maurice & Boonen, Tim J., 2019. "Constrained stochastic cost allocation," Mathematical Social Sciences, Elsevier, vol. 101(C), pages 20-30.
    15. Ephraim Zehavi & Amir Leshem, 2018. "On the Allocation of Multiple Divisible Assets to Players with Different Utilities," Computational Economics, Springer;Society for Computational Economics, vol. 52(1), pages 253-274, June.
    16. Jens Hougaard & Juan Moreno-Ternero & Lars Østerdal, 2013. "Rationing in the presence of baselines," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 40(4), pages 1047-1066, April.
    17. Alexander W. Cappelen & Roland Iwan Luttens & Erik Ø. Sørensen & Bertil Tungodden, 2019. "Fairness in Bankruptcies: An Experimental Study," Management Science, INFORMS, vol. 67(6), pages 2832-2841, June.
    18. Victor Ginsburgh & Juan D. Moreno‐Ternero, 2018. "Compensation schemes for learning a Lingua Franca in the European Union," The World Economy, Wiley Blackwell, vol. 41(7), pages 1775-1789, July.
    19. Rick K. Acosta & Encarnación Algaba & Joaquín Sánchez-Soriano, 2022. "Multi-issue bankruptcy problems with crossed claims," Annals of Operations Research, Springer, vol. 318(2), pages 749-772, November.
    20. Victor Ginsburgh & Juan D. Moreno-Ternero, 2018. "On Poverty and the International Allocation of Development Aid," Working Papers ECARES 2018-23, ULB -- Universite Libre de Bruxelles.

    More about this item

    Keywords

    bankruptcy; coalitions; claims; Talmud.;
    All these keywords.

    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pab:wpaper:10.15. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Publicación Digital - UPO (email available below). General contact details of provider: https://edirc.repec.org/data/deupoes.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.