This paper considers two-stage solutions for multi-issue allocation situations. Characterisations are provided for the …

This chapter discusses the game-theory literature on cost allocation. Cost allocation not only provides internal … theory provides the tools for analyzing these issues. Cooperative game theory and cost allocation are closely intertwined in … signals that guide a firm's operations but also may be a response to external competitive pressures. Cost allocation is a kind …

the international allocation of economic activity. Private assets’ liquidity properties - their usefulness as collateral … entry, production, aggregate productivity, and total market capitalization. In a closed economy, the liquidity market …, cross-country differences in financial development|as measured by the degree of liquidity of a country’s assets - generate …

. This paper aims to resolve a part of the opaqueness surrounding credit-risk allocation to tranches that represent claims of … different seniority on a reference portfolio. In particular, this paper analyzes the allocation of credit risk to different … risk in CDO transactions. We propose a metric for capturing the allocation of systematic risk to tranches. First, in …