Abstract:
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The idea of ensuring a guarantee (a minimum amount of the resources) to
each agent has recently acquired great relevance, in both social and politi-
cal terms. Furthermore, the notion of Solidarity has been treated frequently
in redistribution problems to establish that any increment of the resources
should be equally distributed taking into account some relevant characteris-
tics. In this paper, we combine these two general concepts, guarantee and
solidarity, to characterize the uniform rules in bankruptcy problems (Con-
strained Equal Awards and Constrained Equal Losses rules).
Keywords: Constrained Equal Awards, Constrained Equal Losses, Lower
bounds, Bankruptcy problems, Solidarity.
JEL classification: C71, D63, D71. |