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In distribution problems, and specifically in bankruptcy issues, the Proportional (P) and the Egalitarian (EA) divisions are two of the most popular ways to resolve the conflict. Nonetheless, when using the egalitarian division, agents may receive more than her claim. We propose a compromise...
Persistent link: https://www.econbiz.de/10011052499
In a distribution problem, and speci fically in bankruptcy issues, the Proportional (P) and the Egalitarian (EA) divisions are two of the most popular ways to resolve the conflict. The Constrained Equal Awards rule (CEA) is introduced in bankruptcy literature to ensure that no agent receives...
Persistent link: https://www.econbiz.de/10010991666
In a distribution problem, and specifically in bankruptcy issues, the Proportional (P) and theEgalitarian (EA) divisions are two of the most popular ways to resolve the conflict. TheConstrained Equal Awards rule (CEA) is introduced in bankruptcy literature to ensure that noagent receives more...
Persistent link: https://www.econbiz.de/10010547834
Persistent link: https://www.econbiz.de/10005370570
A new class of games called Financial games is defined. These games are market games and it is showed that they are a generalization of Bankruptcy games. The algebraic structure of this class of games is studied and necessary conditions for a game to be financial are stated. The proportional...
Persistent link: https://www.econbiz.de/10005022388
We provide three alternative characterizations of the proportional solution defined on <i>compact</i> and <i>comprehensive</i> bargaining problems with claims that are not necessarily convex. One characterization result is obtained by using, together with other standard axioms, two solidarity axioms. Another...
Persistent link: https://www.econbiz.de/10005106374
We provide three alternative characterizations of the proportional solution defined on compact and comprehensive bargaining problems with claims that are not necessarily convex. One characterization result is obtained by using, together with other standard axioms, two solidarity axioms. Another...
Persistent link: https://www.econbiz.de/10005450384
Several authors in the economics literature have referred to Kantian behavior, informally, as a kind of cooperation. We model this notion precisely, and define two kinds of Kantian allocation. An set of strategies by players is Kantian if, informally, no player would advocate that all players...
Persistent link: https://www.econbiz.de/10005463965
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Persistent link: https://www.econbiz.de/10011161073