A new prospect of additivity in bankruptcy problems
As it is known, there is no rule satisfying Additivity on the complete domain of bankruptcy problems. This paper proposes a notion of partial Additivity in this context, to be called µ-Additivity. We find that µ-Additivity, together with two quite compelling axioms, Anonymity and Continuity, identify the Minimal Overlap rule, introduced by O'Neill (1982).
|Date of creation:||Jul 2010|
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- Cuberes, David & Dougan, William, 2009.
"How Endogenous Is Money? Evidence from a New Microeconomic Estimate,"
17744, University Library of Munich, Germany.
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