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

Bas Dietzenbacher*, A. Estévez-Fernández, Peter Borm, Ruud Hendrickx

*Corresponding author for this work

Research output: Contribution to journalArticleScientificpeer-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
JournalAnnals of Operations Research
DOIs
Publication statusE-pub ahead of print - May 2020

Keywords

  • NTU-bankruptcy
  • duality
  • proportional rule
  • constrained relative equal awards rule

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