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Persistent link: https://www.econbiz.de/10010347731
As it is known, there is no rule satisfying additivity in the complete domain of bankruptcy problems. This paper proposes a notion of partial additivity in this context, to be called μ-additivity. We find out that this property, together with two quite compelling axioms, equal treatment of...
Persistent link: https://www.econbiz.de/10010995335
This paper explores an old solution for bankruptcy problems, described by Ibn Ezra in the XII century. Particularly, we introduce a new way of extending the Ibn Ezra’s proposal, the Generalized Ibn Ezra solution, by imposing that the general distribution principle from which it is inspired...
Persistent link: https://www.econbiz.de/10005370864