Csóka, Péter; Herings, Peter Jean-Jacques - 2023
common approach is to first apply pairwise netting of agents that have mutual liabilities and next use the proportional rule … to determine the payments on the basis of the net liabilities. We refer to this as the pairwise netting proportional rule …. The pairwise netting proportional rule satisfies the basic requirements of claims boundedness, limited liability, priority …