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Solidarity and uniform rules in bankruptcy problems

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  • Giménez-Gómez, José Manuel
  • Peris, Josep E.

Abstract

The idea of ensuring a guarantee (a minimum amount of the resources) to each agent has recently acquired great relevance, in both social and politi- cal terms. Furthermore, the notion of Solidarity has been treated frequently in redistribution problems to establish that any increment of the resources should be equally distributed taking into account some relevant characteris- tics. In this paper, we combine these two general concepts, guarantee and solidarity, to characterize the uniform rules in bankruptcy problems (Con- strained Equal Awards and Constrained Equal Losses rules). Keywords: Constrained Equal Awards, Constrained Equal Losses, Lower bounds, Bankruptcy problems, Solidarity. JEL classification: C71, D63, D71.

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Paper provided by Universitat Rovira i Virgili, Department of Economics in its series Working Papers with number 2072/182646.

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Date of creation: 2012
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Handle: RePEc:urv:wpaper:2072/182646

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Keywords: Fallida; Jocs cooperatius; Economia del benestar; Elecció social; 33 - Economia;

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  1. Marc Fleurbaey & François Maniquet, 2006. "Compensation and responsibility," Working Papers halshs-00121367, HAL.
  2. Moulin, Herve, 2002. "Axiomatic cost and surplus sharing," Handbook of Social Choice and Welfare, in: K. J. Arrow & A. K. Sen & K. Suzumura (ed.), Handbook of Social Choice and Welfare, edition 1, volume 1, chapter 6, pages 289-357 Elsevier.
  3. Roland Luttens, 2010. "Minimal rights based solidarity," Social Choice and Welfare, Springer, vol. 34(1), pages 47-64, January.
  4. José M. Jiménez Gómez & María del Carmen Marco, 2008. "A New Approach for Bounding Awards in Bankruptcy Problems," Working Papers. Serie AD 2008-07, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  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.
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