Compromise Solutions for Bankruptcy Situations with References

This paper deals with bankruptcy situations in which in addition to the claims, an exogenously given reference point for the allocation of the estate is present.We introduce and analyse two types of compromise solutions and show that they coincide with the T value of two corresponding TU games.We apply our solutions to a real-life case of allocating university money to degree courses.

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Year of publication:	2003
Authors:	Borm, Peter ; Hendrickx, Ruud ; Pulido, M. ; Llorca, N. ; Sánchez-Soriano, J.
Institutions:	Tilburg University, Center for Economic Research
Subject:	bankruptcy \| allocation \| t-value \| games

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Extent:	application/pdf
Series:	Discussion Paper.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series CentER Discussion Paper Number 2003-36
Classification:	C71 - Cooperative Games
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011092855