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Characterizing NTU-bankruptcy rules using bargaining axioms

Working paper
Author/s: 
Bas Dietzenbacher, Hans Peters
Issue number: 
RM/18/006
Series: 
GSBE Research Memoranda
Publisher: 
GSBE
Year: 
2018
Working Paper [1]
This paper takes an axiomatic bargaining approach to bankruptcy problems with nontransferable utility by characterizing bankruptcy rules in terms of properties from bargaining theory. In particular, we derive new axiomatic characterizations of the proportional rule, the truncated proportional rule, and the constrained relative equal awards rule using properties which concern changes in the estate or the claims.
Tags: 
Bargaining Theory [2]

Source URL:http://coalitiontheory.org/content/characterizing-ntu-bankruptcy-rules-using-bargaining-axioms

Links
[1] https://cris.maastrichtuniversity.nl/portal/files/24152706/RM18006.pdf [2] http://coalitiontheory.org/research-areas/bargaining-theory