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...

This paper develops a general equilibrium model of the gender wage up. The difference in earningsis a consequence of a demographic regularity -that men tend to marry younger women- whichlimits women´s labor mobility. However, couples are always free not to marry, and do so only if itis in...

In some pure moral hazard situations the principal can implement a first-best allocation using an incentive contract constructed on the basis of a first-best payment scheme. Such a contract relies on the possibility of discriminate actions according to the outcome by imposing a penalty whenever...

As it is known, there is no rule satisfying Additivity on the complete domain of bankruptcy problems. This paper proposes a notion of partial Additivity in this context, to be called µ-Additivity. We find that µ-Additivity, together with two quite compelling axioms, Anonymity and Continuity,...

This paper studies economies where agents exchange indivisible goods and money. Agents havepotencial use for all indivisible goods and the indivisible goods are differentiated. We assume thatagents have quasilinear utilities in money, have sufficiently money endowments to afford anygroup of...

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...

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...

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...

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...