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Article . 2002 . Peer-reviewed
License: Springer TDM
Data sources: Crossref
image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
zbMATH Open
Article . 2002
Data sources: zbMATH Open
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Sustainability in bankruptcy problems

Sustainability in bankruptcy problems.
Authors: Herrero, Carmen; Villar, Antonio;

Sustainability in bankruptcy problems

Abstract

The authors introduce a new notion, sustainability, in bankruptcy problems. An agent \(i\)'s claim is sustainable if it is so small that if no other agent has a larger claim then there will be enough to cover all the demands. The sustainability condition requires that such small claims should be fully honored. Path independence requires that, when the worth of the estate is lower than what was expected, the initial solution, once adjusted, or the new solution to the actual problem give the same answer. The authors show that the constrained equal-awards rule is the only rule that satisfies path independence and sustainability. Using duality, the constrained equallosses rule is also characterized.

Related Organizations
Keywords

Auctions, bargaining, bidding and selling, and other market models, equal-losses rule, equal-awards rule, bargaining

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    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
39
Top 10%
Top 10%
Average
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