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 principal, 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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|Date of creation:||01 Jan 1997|
|Date of revision:|
|Publication status:||Published in International Journal of Game Theory 1997, vol. 26, pp. 11-26|
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