Reijnierse, Hans; Borm, Peter; Groote Schaarsberg, M. - Tilburg University, Center for Economic Research - 2013
Abstract: This paper introduces liability problems, as a generalization of bankruptcy problems, where every agent not … cash should be allocated among the agents. In particular we focus on bankruptcy rule based bilateral transfer schemes … transfer scheme is unique. Although in general a bankruptcy rule based bilateral transfer scheme need not be unique, we show …