This paper takes an axiomatic bargaining approach to bankruptcy problems with nontransferable utility, by using properties from bargaining theory in order to characterize bankruptcy rules. In particular, we derive new axiomatic characterizations of the proportional rule, the truncated proportional rule, and the constrained relative equal awards rule, using properties which concern changes in the estate or in the claims.
- d74 - "Conflict; Conflict Resolution; Alliances"
- c78 - "Bargaining Theory; Matching Theory"
- NTU-bankruptcy problem
- axiomatic analysis
- bargaining theory
- Axiomatic analysis
- Bargaining theory