Showing 1 - 10 of 41
This paper proposes a notion of partial Additivity in bankruptcy, -Additivity. We show that this property, together with Anonymity and Continuity, identifies the Minimal Overlap rule, introduced by O'Neill (1982).
Persistent link: https://www.econbiz.de/10009421214
This paper follows the interpretation of the bankruptcy problems in terms of TU games given in O'Neill (1982). In this context we propose the analysis of the Transition Game associated to each bankruptcy problem. We explore an old solution described by Ibn Ezra in the XII century. Firstly, we...
Persistent link: https://www.econbiz.de/10005731352
In 1950, Nash's seminal paper introduced the axiomatic approach to the analysis of bargaining situations. Since then, many bargaining solutions have appeared and been axiomatically analyzed. The fact that agents, when face a bargaining problem, can come up with different solution concepts (that...
Persistent link: https://www.econbiz.de/10010991670
An input-output model with non-constant returns to scale and externalities is presented, and it is shown that in this model the non-substitution theorem is still valid. More precisely, the quantity side of the theorem, i.e. the proposition on efficiency, remains valid, while there can be no...
Persistent link: https://www.econbiz.de/10005203258
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,...
Persistent link: https://www.econbiz.de/10008805438
This paper explores the introduction of a variable critical-level in a variable population context. We focus the attention on the "Critical- Level Egalitarian Ruleî, a social evaluation procedure which compares two social states as follows: (i) It reproduces the leximin criterion when applied...
Persistent link: https://www.econbiz.de/10005688669
Consider a two-person bargaining problem, where both agents have a particular notion of what would be a just solution outcome. In case their opinions differ, a procedure which leads to a compromise between t,he two different views is needed. In this paper we propose a mechanism to solve this...
Persistent link: https://www.econbiz.de/10005812850
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
This paper studies the sequential mechanisms which mimic matching procedures formany-to-one-real-life matching markets. We provide a family of mechanisms implementing thestudent´ optimal allocation in subgame perfect equibrium.
Persistent link: https://www.econbiz.de/10005515906
This paper introduces a property over agents' preferences, called Tops Responsiveness Condition. Such a property guarantees that the core in Hedonic Coalition Formation games is not empty. It is also shown that a mechanism exists that selects a stable allocation. It turns out that this...
Persistent link: https://www.econbiz.de/10005515913