Arbeitspapier
Sequential bankruptcy problems
In this paper, we analyze sequential bankruptcy problems, which generalize bankruptcy problems. They contain the problems of sharing water in a transboundary river and of allocating expedition rewards in projects. We provide three mechanisms for generalizing rules for bankruptcy problems to rules for sequential bankruptcy problems: the upwards, the downwards, and the two-steps mechanisms. Further, we characterize the upwards constrained equal awards, the upwards constrained equal losses, and the upwards proportional rules on the basis of upwards composition and upwards path independence. Moreover, we compare the three mechanisms based on inheritance of well-established properties for bankruptcy rules to the setting of sequential bankruptcy rules.
- Language
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Englisch
- Bibliographic citation
-
Series: Tinbergen Institute Discussion Paper ; No. TI 2019-076/II
- Classification
-
Wirtschaft
Conflict; Conflict Resolution; Alliances; Revolutions
Game Theory and Bargaining Theory: Other
Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- Subject
-
Sequential bankruptcy
upwards mechanism
downwards mechanism
twosteps mechanism
constrained equal awards rule
constrained equal losses rule
proportional rule
- Event
-
Geistige Schöpfung
- (who)
-
Estévez-Fernández, Arantza
Giménez-Gómez, José Manuel
Solís-Baltadano, María José
- Event
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Veröffentlichung
- (who)
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Tinbergen Institute
- (where)
-
Amsterdam and Rotterdam
- (when)
-
2019
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Estévez-Fernández, Arantza
- Giménez-Gómez, José Manuel
- Solís-Baltadano, María José
- Tinbergen Institute
Time of origin
- 2019
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