Utilizad este identificador para citar o enlazar este documento: http://hdl.handle.net/2072/182719

A New Approach for Bounding Awards in Bankruptcy Problems
Giménez-Gómez, José Manuel; Marco Gil, M. Carmen
Universitat Rovira i Virgili. Departament d'Economia; Universitat Rovira i Virgili. Centre de Recerca en Economia Industrial i Economia Pública
The solution for the ‘Contested Garment Problem’, proposed in the Babylonic Talmud, suggests that each agent should receive at least some part of the resources whenever the demand overcomes the available amount. In this context, we propose a new method to define lower bounds on awards, an idea that has underlied the theoretical analysis of bankruptcy problems from its beginning (O’Neill, 1982) to present day (Dominguez and Thomson, 2006). Specifically, starting from the fact that a society establishes its own set of ‘Commonly Accepted Equity Principles’, our proposal ensures to each agent the smallest amount she gets according to all the admissible rules. As in general this new bound will not exhaust the estate, we analyze its recursive application for different sets of equity principles. Keywords: Bankruptcy problems, Bankruptcy rules, Lower bounds, Recursive process
33 - Economia
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/
34 p.
Documento de trabajo
Universitat Rovira i Virgili. Departament d'Economia
Documents de treball del Departament d'Economia;2012-06

Documentos con el texto completo de este documento

Ficheros Tamaño Formato
201206.pdf 303.8 KB PDF

Mostrar el registro completo del ítem

Documentos relacionados

Otros documentos del mismo autor/a

Giménez-Gómez, José Manuel; Osório Costa, Antonio Miguel
Giménez-Gómez, José Manuel; Vilella Bach, Misericòrdia
Giménez-Gómez, José Manuel; Peris, Josep E.