Bilateral Comparisons and Consistent Fair Division Rules in the Context of Bankruptcy Problems
We 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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Volume (Year): 26 (1997)
Issue (Month): 1 ()
|Note:||Received March 1994 Revised version August 1994 Final version January 1995|
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