Merging and Going Bankrupt: A Neutral Solution

As it is known, there is no rule satisfying Additivity in the complete domain of bankruptcy problems. This paper proposes a notion of partial Additivity in this context, to be called m-additivity. We find that m-additivity, together with two quite compelling axioms, anonymity and continuity, identify the Minimal Overlap rule, introduced by Neill (1982).

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Year of publication:	2010-10-20
Authors:	Alcalde, Jose ; Marco-Gil, María del Carmen ; Silva, José A.

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Alcalde, Jose and Marco-Gil, María del Carmen and Silva, José A. (2010): Merging and Going Bankrupt: A Neutral Solution.
Classification:	D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement ; D71 - Social Choice; Clubs; Committees; Associations ; C71 - Cooperative Games
Source:	BASE

Persistent link: https://www.econbiz.de/10015225344