Template-type: ReDif-Paper 1.0
Author-Name: Dietzenbacher, Bas
Author-Name: Peters, Hans
Author-workplace-name: QE Math. Economics & Game Theory, RS: GSBE ETBC, RS: GSBE Theme Conflict & Cooperation, RS: GSBE Theme Data-Driven Decision-Making
Title: Characterizing NTU-bankruptcy rules using bargaining axioms
Abstract: This paper takes an axiomatic bargaining approach to bankruptcy problems with<br/>nontransferable utility by characterizing bankruptcy rules in terms of properties from bargaining theory. In particular, we derive new axiomatic characterizations of the proportional rule, the truncated proportional rule, and the constrained relative equal awards rule using properties which concern changes in the estate or the claims.<br/>
Classification-JEL: c78,d74
Series: GSBE Research Memoranda
Creation-Date: 20180208
Number: 006
File-URL: https://cris.maastrichtuniversity.nl/ws/files/24152706/RM18006.pdf
File-Format: application/pdf
File-Size: 621741
Handle: Repec:unm:umagsb:2018006
DOI: 10.26481/umagsb.2018006