Mediation in Bankruptcy Problems
Mediation is a dispute resolution process where agents reach a mutually acceptable agreement among prominent proposals. This paper provides a natural way of coming to this agreement in bankruptcy problems. The central fact is that such problems can be faced from two different (focal) points of view: awards and losses. Given this views, we assume that agents decide a group of principles on which the distribution of the available resources should be based. Next we define a double recursive process by the application of both a lower and an upper bound on awards. Finally, we obtain that this process concludes at the midpoint between the two focal rules. By applying the result to some possible sets of principles we retrieve the average of old and well known bankruptcy rules.
|Date of creation:||26 Jan 2012|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: +34 965 90 36 70
Fax: +34 965 90 97 89
Web page: http://dmcte.ua.es/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:ris:qmetal:2012_002. 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: (Julio Carmona)
If references are entirely missing, you can add them using this form.