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Abstract: This article characterizes the per capita nucleolus for bankruptcy games as a bankruptcy rule. This rule … however is that, for each bankruptcy problem, it takes into account a vector of clights. These clights only depend on the …
Persistent link: https://www.econbiz.de/10011091730
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 …
Persistent link: https://www.econbiz.de/10011092441
This article characterizes the per capita nucleolus for bankruptcy games as a bankruptcy rule. This rule, called the …, for each bankruptcy problem, it takes into account a vector of clights. These clights only depend on the vector of claims …
Persistent link: https://www.econbiz.de/10013073310
bilateral transfer schemes which use a certain bankruptcy rule as its leading allocation mechanism. In this paper we derive a … individual settlement procedure. We show that for bankruptcy rules that satisfy composition, this decentralized procedure always …
Persistent link: https://www.econbiz.de/10012846209
This paper introduces liability problems, as a generalization of bankruptcy problems, where every agent not only owns a … allocated among the agents. In particular we focus on bankruptcy rule based bilateral transfer schemes. Existence of these … unique. Although in general a bankruptcy rule based bilateral transfer scheme need not be unique, we show that the resulting …
Persistent link: https://www.econbiz.de/10013080617
We analyze clearing mechanisms in financial networks in which agents may have both monetary individual assets and mutual liabilities. A clearing mechanism prescribes mutual payments between agents to settle their mutual liabilities. The corresponding payments, summarized in a payment matrix, are...
Persistent link: https://www.econbiz.de/10013222012
Persistent link: https://www.econbiz.de/10010228799
In this paper, we propose a new extension of the run-to-the-bank rule for bankruptcy situations to the class of multi …
Persistent link: https://www.econbiz.de/10010759362
In this paper, we propose a new extension of the run-to-the-bank rule for bankruptcy situations to the class of multi …
Persistent link: https://www.econbiz.de/10010999765
on bankruptcy problems.Also the class of convex compromise stable games is characterized.The relation between core cover …
Persistent link: https://www.econbiz.de/10011090315