Ternero, Juan de Dios Moreno; Blanco, Carmen Herrero; … - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2003
This paper reports an experimental study on three well known solutions for bankruptcy problems, that is, the constrained equal-awards, the proportional and the constrained equal-losses rule. To do this, we first let subjects play three games designed such that the unique equilibrium outcome...