A random arrival rule for NTU-bankruptcy problems

Doudou Gong; Bas Dietzenbacher; Hans Peters

doi:10.26481/umagsb.2022006

A random arrival rule for NTU-bankruptcy problems

Doudou Gong, Bas Dietzenbacher, Hans Peters

Research output: Working paper / Preprint › Working paper

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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 language	English
Publisher	Maastricht University, Graduate School of Business and Economics
Number of pages	13
DOIs	https://doi.org/10.26481/umagsb.2022006
Publication status	Published - 20 Jun 2022

Publication series

Series	GSBE Research Memoranda
Number	006
ISSN	2666-8807

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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10.26481/umagsb.2022006

RM22006Final published version, 588 KB

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A random arrival rule for NTU-bankruptcy problems

Abstract

Publication series

JEL classifications

Keywords

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