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In a distribution problem, and specifically in bankruptcy issues, the Proportional (P) and theEgalitarian (EA) divisions are two of the most popular ways to resolve the conflict. TheConstrained Equal Awards rule (CEA) is introduced in bankruptcy literature to ensure that noagent receives more...
Persistent link: https://www.econbiz.de/10010547834
The solution for the "Contested Garment Problem" proposed in the BabylonicTalmud, one of the most important sources of inspiration for solving situations where demand overcomes supply of some resources, suggests that each agent should receive at least some part of the available amount when...
Persistent link: https://www.econbiz.de/10005731441
In this paper we use two different sets of Commonly Accepted Equity Principles to provide new characterizations of well known bankruptcy rules from an strategic viewpoint. In this sense, we extend the results obtained by Chun, 1989, and Herrero, 2003, who followed the van Damme's approach, 1986,...
Persistent link: https://www.econbiz.de/10008602629