The Constrained Equal Award Rule for Bankruptcy Problems with a Priori Unions

B. Casas-Mendez, P.E.M. Borm, L. Carpente, R.L.P. Hendrickx

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Abstract

In this paper, we provide four extensions of the constrained equal award rule for bankruptcy situations to the class of bankruptcy situations with a priori unions. We present some characterisations and relations with corresponding games. The four new extensions are illustrated by a specific application.
Original languageEnglish
Place of PublicationTilburg
PublisherMicroeconomics
Number of pages26
Volume2002-83
Publication statusPublished - 2002

Publication series

NameCentER Discussion Paper
Volume2002-83

Keywords

  • bankruptcy
  • a priori unions
  • constrained equal award

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