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 language | English |
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Pages (from-to) | 65-80 |
Journal | Annals of Operations Research |
Volume | 301 |
Issue number | 1-2 |
DOIs | |
Publication status | Published - Jun 2021 |
Keywords
- NTU-bankruptcy
- duality
- proportional rule
- constrained relative equal awards rule