Generalized bankruptcy problem

A new approach to the bankruptcy problem is considered. We take into account the system of intercreditor debts. The traditional approach is a special case of our generalized model. Utilizing a cooperative game approach we prove the core existence of the corresponding game. The sequential nucleolus solution is applied.

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Year of publication:	2012
Authors:	Karpov, Alexander ; Yurkov, Semyon
Institutions:	National Research University Higher School of Economics
Subject:	bankruptcy problem \| sequential nucleolus

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Extent:	application/pdf
Series:	HSE Working papers.
Type of publication:	Book / Working Paper
Notes:	Published in WP BRP Series: Financial Economics / FE, November 2012, pages 1-12 Number WP BRP 08/FE/2012 12 pages
Classification:	C71 - Cooperative Games ; G33 - Bankruptcy; Liquidation
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010717750