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

Dietzenbacher,Bas
; 
Estévez-Fernández,A.
; 
Borm,Peter
; 
Hendrickx,Ruud
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.
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Date
2021-06
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Tilburg University Research Output Collection
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Keywords
NTU-bankruptcy, duality, proportional rule, constrained relative equal awards rule, C79 - Other, D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement, D74 - Conflict; Conflict Resolution; Alliance; Revolutions
Citation
Dietzenbacher, B, Estévez-Fernández, A, Borm, P & Hendrickx, R 2021, 'Proportionality, equality, and duality in bankruptcy problems with nontransferable utility', Annals of Operations Research, vol. 301, no. 1-2, pp. 65-80. https://doi.org/10.1007/s10479-020-03643-3
URI
https://hdl.handle.net/20.500.14602/74228
License
info:eu-repo/semantics/closedAccess
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