Utilizad este identificador para citar o enlazar este documento: http://hdl.handle.net/2072/182645

A Proportional Approach to Bankruptcy Problems with a guaranteed minimum
Giménez-Gómez, José Manuel; Peris, Josep E.
Universitat Rovira i Virgili. Departament d'Economia; Universitat Rovira i Virgili. Centre de Recerca en Economia Industrial i Economia Pública
In a distribution problem, and specfii cally in bankruptcy issues, the Proportional (P) and the Egalitarian (EA) divisions are two of the most popular ways to resolve the conflict. The Constrained Equal Awards rule (CEA) is introduced in bankruptcy literature to ensure that no agent receives more than her claim, a problem that can arise when using the egalitarian division. We propose an alternative modi cation, by using a convex combination of P and EA. The recursive application of this new rule finishes at the CEA rule. Our solution concept ensures a minimum amount to each agent, and distributes the remaining estate in a proportional way. Keywords: Bankruptcy problems, Proportional rule, Equal Awards, Convex combination of rules, Lorenz dominance. JEL classi fication: C71, D63, D71.
2012
33 - Economia
Fallida
Jocs cooperatius
Economia del benestar
Elecció social
L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons: http://creativecommons.org/licenses/by-nc-nd/3.0/es/
23 p.
Documento de trabajo
Universitat Rovira i Virgili. Departament d'Economia
Documents de treball del Departament d'Economia;2012-04
         

Documentos con el texto completo de este documento

Ficheros Tamaño Formato
201204.pdf 502.9 KB PDF

Mostrar el registro completo del ítem

Documentos relacionados

Otros documentos del mismo autor/a

Giménez-Gómez, José Manuel; Peris, Josep E.
Giménez-Gómez, José Manuel; Osório Costa, Antonio Miguel; Peris, Josep E.
Giménez Gómez, José M. (José Manuel); Osório, António (António Miguel); Peris, Josep E.