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A generalization of the bankruptcy game: financial cooperative games

Author

Listed:
  • Josep Maria Izquierdo Aznar
  • Carlos Rafels Pallarola

    (Universitat de Barcelona)

Abstract

A new class of games called Financial games is defined. These games are market games and it is showed that they are a generalization of Bankruptcy games. The algebraic structure of this class of games is studied and necessary conditions for a game to be financial are stated. The proportional solution is analyzed and an axiomatic characterization of this solution is given.

Suggested Citation

  • Josep Maria Izquierdo Aznar & Carlos Rafels Pallarola, 1996. "A generalization of the bankruptcy game: financial cooperative games," Working Papers in Economics 9, Universitat de Barcelona. Espai de Recerca en Economia.
    • Handle: RePEc:bar:bedcje:19969
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    Cited by:

    1. Paula Corcho & José Ferreira, 2003. "Generalized externality games," Theory and Decision, Springer, vol. 54(2), pages 163-184, March.

    More about this item

    JEL classification:

    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games

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