The proportional rule for multi-issue bankruptcy problems
We investigate how to extend bankruptcy rules to the general setting in which agents'claims may refer to different issues. We show that the proportional rule is the only one whose extensions according to two natural procedures yield the same outcomes.
|Date of creation:||00 Sep 2006|
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- Lorenzo-Freire, S. & Alonso-Meijide, J.M. & Casas-Mendez, B. & Hendrickx, R.L.P., 2005. "Balanced Contributions for Multi-Issue Allocation Situations," Discussion Paper 2005-93, Tilburg University, Center for Economic Research.
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- 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.
- Kaminski, Marek M., 2006. "Parametric rationing methods," Games and Economic Behavior, Elsevier, vol. 54(1), pages 115-133, January.
- Calleja, Pedro & Borm, Peter & Hendrickx, Ruud, 2005. "Multi-issue allocation situations," European Journal of Operational Research, Elsevier, vol. 164(3), pages 730-747, August.
- 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.
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