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Solidarity and uniform rules in bankruptcy problems

Author

Listed:
  • Peris, Josep E.

    (Universidad de Alicante, Departamento de Métodos Cuantitativos y Teoría Económica)

  • Jiménez-Gómez, José M.

    (Universitat Rovira i Virgili, Department d'Economia CREIP and GRODE,)

Abstract

The idea of ensuring a guarantee (a minimum amount of the resources) to each agent has recently acquired great relevance, in both social and political terms. Furthermore, the notion of Solidarity has been treated frequently in redistribution problems to establish that any increment of the resources should be equally distributed taking into account some relevant characteristics. In this paper, we combine these two general concepts, guarantee and solidarity, to characterize the uniform rules in bankruptcy problems (Constrained Equal Awards and Constrained Equal Losses rules).

Suggested Citation

  • Peris, Josep E. & Jiménez-Gómez, José M., 2012. "Solidarity and uniform rules in bankruptcy problems," QM&ET Working Papers 12-8, University of Alicante, D. Quantitative Methods and Economic Theory.
    • Handle: RePEc:ris:qmetal:2012_008
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    References listed on IDEAS

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    1. Marc Fleurbaey & François Maniquet, 2006. "Compensation and responsibility," Working Papers halshs-00121367, HAL.
    2. LUTTENS, Roland Iwan, 2010. "Minimal rights based solidarity," LIDAM Reprints CORE 2296, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    3. Roland Luttens, 2010. "Minimal rights based solidarity," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 34(1), pages 47-64, January.
    4. Aumann, Robert J. & Maschler, Michael, 1985. "Game theoretic analysis of a bankruptcy problem from the Talmud," Journal of Economic Theory, Elsevier, vol. 36(2), pages 195-213, August.
    5. Moulin, Herve, 2002. "Axiomatic cost and surplus sharing," Handbook of Social Choice and Welfare, in: K. J. Arrow & A. K. Sen & K. Suzumura (ed.), Handbook of Social Choice and Welfare, edition 1, volume 1, chapter 6, pages 289-357, Elsevier.
    6. 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.
    7. José-Manuel Giménez-Gómez & M. Marco-Gil, 2014. "A new approach for bounding awards in bankruptcy problems," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 43(2), pages 447-469, August.
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    More about this item

    Keywords

    Constrained Equal Awards; Constrained Equal Losses; Lower bounds; Bankruptcy problems; Solidarity;
    All these keywords.

    JEL classification:

    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations

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