dc.contributor |
Universitat Rovira i Virgili. Departament d'Economia |
dc.contributor |
Universitat Rovira i Virgili. Centre de Recerca en Economia Industrial i Economia Pública |
dc.contributor.author |
Giménez-Gómez, José Manuel |
dc.contributor.author |
Peris, Josep E. |
dc.date.accessioned |
2012-03-27T13:10:51Z |
dc.date.available |
2012-03-27T13:10:51Z |
dc.date.created |
2012-03-21 |
dc.date.issued |
2012 |
dc.identifier.uri |
http://hdl.handle.net/2072/182645 |
dc.format.extent |
23 p. |
dc.language.iso |
eng |
dc.publisher |
Universitat Rovira i Virgili. Departament d'Economia |
dc.relation.ispartofseries |
Documents de treball del Departament d'Economia;2012-04 |
dc.rights |
info:eu-repo/semantics/openAccess |
dc.rights |
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/ |
dc.source |
RECERCAT (Dipòsit de la Recerca de Catalunya) |
dc.subject.other |
Fallida |
dc.subject.other |
Jocs cooperatius |
dc.subject.other |
Economia del benestar |
dc.subject.other |
Elecció social |
dc.title |
A Proportional Approach to Bankruptcy Problems with a guaranteed minimum |
dc.type |
info:eu-repo/semantics/workingPaper |
dc.subject.udc |
33 - Economia |
dc.embargo.terms |
cap |
dc.description.abstract |
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. |