produce output. It is shown that if per period accounting income is calculated using a simple and natural allocation rule for …-informed manager, it is shown that if accounting income based on the RRC allocation rule is used as a performance measure for the …

. This paper aims to resolve a part of the opaqueness surrounding credit-risk allocation to tranches that represent claims of … different seniority on a reference portfolio. In particular, this paper analyzes the allocation of credit risk to different … risk in CDO transactions. We propose a metric for capturing the allocation of systematic risk to tranches. First, in …

allocation rule. -- Dominant Strategy ; Farkas Lemma ; Combinatorial Auctions …

The property of an allocation rule to be implementable in dominant strategies by a unique payment scheme is called …