A Composite Run-to-the-Bank Rule for Multi-Issue Allocation Situations

C. Gonzalez-Alcon, P.E.M. Borm, R.L.P. Hendrickx

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Abstract

In this paper, we propose a new extension of the run-to-the-bank rule for bankruptcy situations to the class of multi-issue allocation situations.We show that this rule always yields a core element and that it satisfies self-duality. We characterise our rule by means of a new consistency property, issue-consistency.
Original languageEnglish
Place of PublicationTilburg
PublisherMicroeconomics
Number of pages15
Volume2003-59
Publication statusPublished - 2003

Publication series

NameCentER Discussion Paper
Volume2003-59

Keywords

  • allocation
  • bankruptcy
  • cooperative games
  • consistency

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