Bankruptcy Games with Nontransferable Utility

Bas Dietzenbacher

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Abstract

This paper analyzes bankruptcy games with nontransferable utility as a generalization of bankruptcy games with monetary payoffs. Following the game theoretic approach to NTU-bankruptcy problems, we study some appropriate properties and the core of NTU-bankruptcy games. Generalizing the core cover and the reasonable set to the class of NTU-games, we show that NTU-bankruptcy games are compromise stable and reasonable stable. Moreover, we derive a necessary and sufficient condition for an NTU-bankruptcy rule to be game theoretic.
Original languageEnglish
Place of PublicationTilburg
PublisherCentER, Center for Economic Research
Number of pages14
Volume2017-005
Publication statusPublished - 1 Feb 2017

Publication series

NameCentER Discussion Paper
Volume2017-005

Keywords

  • NTU-bankruptcy problem,
  • NTU-bankruptcy game,
  • compromise stability,
  • reasonable stability
  • game theoretic bankruptcy rule

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