Proportionality, Equality, and Duality in Bankruptcy Problems with Nontransferable Utility

Bas Dietzenbacher, M.A. Estevez Fernandez, Peter Borm, Ruud Hendrickx

Research output: Working paperDiscussion paperOther research output

340 Downloads (Pure)

Abstract

This paper analyzes bankruptcy problems with nontransferable utility as a generalization of bankruptcy problems with monetary estate and claims. Following the classical axiomatic theory of bankruptcy, we formulate some appropriate properties for NTU-bankruptcy rules and study their implications. We explore duality of bankruptcy rules and we derive several characterizations of the generalized proportional rule and the constrained relative equal awards rule.
Original languageEnglish
Place of PublicationTilburg
PublisherCentER, Center for Economic Research
Number of pages23
Volume2016-026
Publication statusPublished - 21 Jul 2016

Publication series

NameCentER Discussion Paper
Volume2016-026

Keywords

  • NTU-bankruptcy problem
  • axiomatic analysis
  • duality
  • proportional rule
  • constrained relative equal awards rule

Fingerprint Dive into the research topics of 'Proportionality, Equality, and Duality in Bankruptcy Problems with Nontransferable Utility'. Together they form a unique fingerprint.

  • Cite this

    Dietzenbacher, B., Estevez Fernandez, M. A., Borm, P., & Hendrickx, R. (2016). Proportionality, Equality, and Duality in Bankruptcy Problems with Nontransferable Utility. (CentER Discussion Paper; Vol. 2016-026). CentER, Center for Economic Research.