Showing 1 - 10 of 29
This paper introduces a new way of representing bankruptcy rules.These representations are used to show that the minimal overlap rule is a composition of the Ibn Ezra rule and the constrained equal losses rule.The residual minimal overlap rule is analysed as an alternative extension of the Ibn...
Persistent link: https://www.econbiz.de/10011092643
Persistent link: https://www.econbiz.de/10011092664
In this paper we consider communication situations in which utility is nontransferable. We compare this model with the more familiar model of transferable utility communication situations and point out an odd feature of the latter. We mainly focus on the inheritance of properties of the...
Persistent link: https://www.econbiz.de/10011092686
In this paper we present an axiomatic analysis of several ranking methods for tournaments. We find that two of them exhibit a very good behaviour with respect to the set of properties under consideration. One of them is the maximum likelihood ranking, the most common method in statistics and...
Persistent link: https://www.econbiz.de/10011092766
In this paper, we provide four extensions of the constrained equal award rule for bankruptcy situations to the class of bankruptcy situations with a priori unions. We present some characterisations and relations with corresponding games. The four new extensions are illustrated by a specific...
Persistent link: https://www.econbiz.de/10011092778
This paper deals with bankruptcy situations in which in addition to the claims, an exogenously given reference point for the allocation of the estate is present.We introduce and analyse two types of compromise solutions and show that they coincide with the T value of two corresponding TU...
Persistent link: https://www.econbiz.de/10011092855
Persistent link: https://www.econbiz.de/10011092857
This paper introduces a new class of transferable-utility games, called multi-issue allocation games.These games arise from various allocation situations and are based on the concepts underlying the bankruptcy model, as introduced by O'Neill (1982).In this model, a perfectly divisible good...
Persistent link: https://www.econbiz.de/10011092903
This paper considers two-stage solutions for multi-issue allocation situations.Characterisations are provided for the two-stage constrained equal awards and constrained equal losses rules, based on the properties of composition and path independence.
Persistent link: https://www.econbiz.de/10011090325
For cooperative games with transferable utility, convexity has turned out to be an important and widely applicable concept.Convexity can be defined in a number of ways, each having its own specific attractions.Basically, these definitions fall into two categories, namely those based on a...
Persistent link: https://www.econbiz.de/10011090592