New characterizations of old bankruptcy rules
This paper presents axiomatic characterizations of two bankruptcy rules disscused in Jewish legal literature: the Constrained Equal Awards rule and the Contested Garment principle (the latter is defined only for two-creditor problems.) A major property in these characterizations is independence of irrelevant claims, which requires that if an individual claim exceeds the total to be allocated the excess claim should be considered irrelevant.
(This abstract was borrowed from another version of this item.)
Volume (Year): 13 (1996)
Issue (Month): 1 (January)
|Contact details of provider:|| Web page: http://www.springer.com|
|Order Information:||Web: http://www.springer.com/economics/economic+theory/journal/355|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- 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.
- Dagan, Nir & Volij, Oscar, 1993.
"The bankruptcy problem: a cooperative bargaining approach,"
Mathematical Social Sciences,
Elsevier, vol. 26(3), pages 287-297, November.
- Volij, Oscar & Dagan, Nir, 1993. "The Bankruptcy Problem: A Cooperative Bargaining Approach," Staff General Research Papers Archive 10571, Iowa State University, Department of Economics.
- Nir Dagan & Oscar Volij, 1993. "The Bankruptcy Problem: a Cooperative Bargaining Approach," Economic theory and game theory 001, Nir Dagan.
When requesting a correction, please mention this item's handle: RePEc:spr:sochwe:v:13:y:1996:i:1:p:51-59. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla)or (Rebekah McClure)
If references are entirely missing, you can add them using this form.