Notario, Antonio Villar; Blanco, Carmen Herrero - Instituto Valenciano de Investigaciones Económicas (IVIE) - 1998
This paper focuses on two new properties for bankruptcy rules: preeminence and sustainability. Theypertain to situations when the claims of some agents are much larger than the claims of otheragents. They differ in the way the recommend agents with small claims to be treated. Preeminencerequires...