A random arrival rule for NTU-bankruptcy problems

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Abstract

This paper introduces and studies a random arrival rule for bankruptcy problems with nontransferable utility. This bankruptcy rule generalizes the random arrival rule for bankruptcy problems with transferable utility which assigns the unique efficient
allocation proportional to the sum of marginal vectors. We provide two axiomatic characterizations based on symmetry and monotonicity, respectively.
Original languageEnglish
PublisherMaastricht University, Graduate School of Business and Economics
Number of pages13
DOIs
Publication statusPublished - 20 Jun 2022

Publication series

SeriesGSBE Research Memoranda
Number006
ISSN2666-8807

JEL classifications

  • c79 - Game Theory and Bargaining Theory: Other
  • d63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
  • d74 - "Conflict; Conflict Resolution; Alliances"

Keywords

  • NTU-bankruptcy problems
  • Random arrival rule
  • axiomatic analysis

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