Proportionality, equality, and duality in bankruptcy problems with nontransferable utility

B. Dietzenbacher*, A. Estévez-Fernández, P. Borm, R. Hendrickx

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review

Abstract

This paper studies bankruptcy problems with nontransferable utility as a generalization of bankruptcy problems with monetary estate and claims. Following the theory on TU-bankruptcy, we introduce a duality notion for NTU-bankruptcy rules and derive several axiomatic characterizations of the proportional rule and the constrained relative equal awards rule.
Original languageEnglish
Number of pages16
JournalAnnals of Operations Research
DOIs
Publication statusE-pub ahead of print - 30 May 2020

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
  • duality
  • proportional rule
  • constrained relative equal awards rule

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