A New Prospect of Additivity in Bankruptcy Problems

descriptionPublicationkeyboard_double_arrow_right Article , Preprint , Other literature type 01 Jan 2009 English Publisher:Elsevier BVJournal:SSRN Electronic Journal (eissn: 1556-5068,

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Authors: José Alcalde Pérez; José Angel Silva Reus; María del Carmen Marco Gil;

doi: 10.2139/ssrn.1347172

handle: 10045/10274

A New Prospect of Additivity in Bankruptcy Problems

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Abstract

This work is partially supported by the Institut Valencià d´Investigacions Econòmiques and the Spanish Ministerio de Educación y Ciencia under projects SEJ2007-62656 (Alcalde) and SEJ2007-64649 (Marco-Gil and Silva). Marco-Gil also acknowledges support by the Fundación Séneca of the Agencia de Ciencia y Tecnología of the Murcian Region, under project 05838/PHCS/07 (Programa de Generación Cientìfico de Excelencia).

This paper explores additivity-like properties ful led by bankruptcy rules. Our main result is that the unique rule satisfying an adittivity-like property is the Minimal Overlap proposed by O'Neill. We also propose some conections relative to additivity properties in close frameworks as bargaining rules.

Related Organizations

University of Cartagena
Colombia
Polytechnic University of Cartagena
Spain
University of Alicante
Spain

Keywords

Fundamentos del Análisis Económico, Minimal Overlap Rule, bankruptcy problems, additivity, minimal overlap rule., Bankruptcy problems, Additivity, jel: jel:C71, jel: jel:D63, jel: jel:D71

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