A random arrival rule for NTU-bankruptcy problems

Doudou Gong; Bas Dietzenbacher; Hans Peters

doi:10.1016/j.econlet.2022.110736

A random arrival rule for NTU-bankruptcy problems

Doudou Gong
, Bas Dietzenbacher^*
, Hans Peters

^*Corresponding author for this work

Research output: Contribution to journal › Article › Academic › peer-review

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
Article number	110736
Number of pages	5
Journal	Economics Letters
Volume	218
DOIs	https://doi.org/10.1016/j.econlet.2022.110736
Publication status	Published - Sept 2022

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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title = "A random arrival rule for NTU-bankruptcy problems",

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.",

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N2 - 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.

AB - 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.

KW - NTU-bankruptcy problems

KW - random arrival rule

KW - axiomatic analysis

U2 - 10.1016/j.econlet.2022.110736

DO - 10.1016/j.econlet.2022.110736

M3 - Article

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VL - 218

JO - Economics Letters

JF - Economics Letters

M1 - 110736

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A random arrival rule for NTU-bankruptcy problems

Abstract

JEL classifications

Keywords

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