W Thomson - Mathematical social sciences, 2003 - Elsevier
When a firm goes bankrupt, how should its liquidation value be divided among its creditors? This essay is an introduction to the literature devoted to the formal analysis of such …
This paper provides a comparative analysis of some classical solutions to bankruptcy problems from an axiomatic viewpoint. These rules are the constrained equal-awards rule …
BG Ju, E Miyagawa, T Sakai - Journal of Economic Theory, 2007 - Elsevier
When resources are divided among agents, the characteristics of the agents are taken into consideration. A simple example is the bankruptcy problem, where the liquidation value of a …
HP Weikard - The manchester school, 2009 - Wiley Online Library
In this paper I analyse the stability of cartels in games with heterogeneous players and externalities. I introduce a class of sharing rules for coalition pay‐offs, called 'optimal sharing …
In this paper we analyze a conflict situation in university management. This situation deals with how to allocate money among faculties to buy equipment for teaching laboratories. We …
Purchasing in groups is a concept that is becoming increasingly popular in both the private and public sector. Often, the advantages such as lower purchase pricese, learning from …
This paper focuses on a new property for bankruptcy rules, called sustainability, which requires that the agents with small enough claims be fully reimbursed. We show that the …
We propose a new rule to solve claims problems (O'Neill, 1982) and show that this rule is best in achieving certain objectives of equality. We present three theorems describing it as …