The Proportional Rule for Multi-Issue Bankruptcy Problems

We investigate how to extend bankruptcy rules to the more general setting in which agents' claims may refer to di erent issues. We consider two natural procedures and show that, among all bankruptcy rules, the proportional rule is the only one whose extensions according to the two procedures yield the same outcomes.

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Year of publication:	2009-11
Authors:	Moreno-Ternero, Juan D.
Institutions:	Departamento de Economía, Universidad Pablo de Olavide
Subject:	Multi-issue bankruptcy problems \| proportional rule \| characterization result

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 09.11 12 pages
Classification:	D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement ; D74 - Conflict; Conflict Resolution; Alliances
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008467117