Item

Random conjugates of bankruptcy rules

Quant,M.
; 
Borm,P.E.M.
Abstract
This article introduces and analyzes random conjugates of bankruptcy rules. A random conjugate is a rule which is derived from the definition of the underlying rule for two-claimant problems. For example, the random conjugate of the Aumann–Maschler rule yields an extension of concede-and-divide: the basic solution for bankruptcy problems with two claimants. Using the concept of random conjugates an alternative characterization of the proportional rule is provided. It turns out that the procedural definition of a random conjugate extends several of the properties of the underlying rule for two-claimant problems to the general domain of problems with an arbitrary number of claimants.
Description
Appeared earlier as CentER DP 2005-20 (rt)
Date
2011
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Tilburg University Research Output Collection
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Citation
Quant, M & Borm, P E M 2011, 'Random conjugates of bankruptcy rules', Social Choice and Welfare, vol. 36, no. 2, pp. 249-266. https://doi.org/10.1007/s00355-010-0474-5
URI
https://hdl.handle.net/20.500.14602/53776
License
info:eu-repo/semantics/restrictedAccess
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