This file is part of IDEAS, which uses RePEc data


[ Papers | Articles | Software | Books | Chapters | Authors | Institutions | JEL Classification | NEP reports | Search | New papers by email | Author registration | Rankings | Volunteers | FAQ | Blog | Help! ]

Equivalence of axioms for bankruptcy problems

Author info | Abstract | Publisher info | Download info | Related research | Statistics
Author Info
Youngsub Chun () (Division of Economics, Seoul National University, Seoul 151-742, Korea)
Abstract

The bankruptcy problem is concerned with how to divide the net worth of the bankrupt firm among its creditors. In this paper, we investigate the logical relations between various axioms in the context of bankruptcy. Those axioms are: population-and-resource monotonicity, consistency, converse consistency, agreement, and separability. In most axiomatic models, they are not directly related. However, we show that they are equivalent on the class of bankruptcy problems under minor additional requirements.

Download Info
To download:

If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://link.springer.de/link/service/journals/00182/papers/9028004/90280511.pdf
File Format: application/pdf
File Function:
Download Restriction: Access to the full text of the articles in this series is restricted

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Publisher Info
Article provided by Springer in its journal International Journal of Game Theory.

Volume (Year): 28 (1999)
Issue (Month): 4 ()
Pages: 511-520
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:spr:jogath:v:28:y:1999:i:4:p:511-520

Note: Received: April 1998/Revised version: January 1999
Contact details of provider:
Web page: http://link.springer.de/link/service/journals/00182/index.htm

Order Information:
Web: http://link.springer.de/orders.htm

For technical questions regarding this item, or to correct its listing, contact: (Christopher F Baum).

Related research
Keywords: Bankruptcy problem · axioms · logical relation;

Other versions of this item:

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)
  1. William Thomson & Chun-Hsien Yeh, 2006. "Operators for the adjudication of conflicting claims," RCER Working Papers 531, University of Rochester - Center for Economic Research (RCER). [Downloadable!]
    Other versions:
  2. MORENO-TERNERO, Juan D. & ROEMER, John E., 2005. "Impartiality, priority, and solidarity in the theory of justice," CORE Discussion Papers 2005077, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE). [Downloadable!]
    Other versions:
  3. Youngsub Chun, 2001. "The Separability Principle in Bargaining," Working Paper Series no43, Institute of Economic Research, Seoul National University. [Downloadable!]
  4. Moulin, Herve, 2001. "Axiomatic Cost and Surplis-Sharing," Working Papers 2001-06, Rice University, Department of Economics. [Downloadable!]
    Other versions:
  5. Carmen Herrero Blanco & Ricardo Martínez, 2006. "Allocation Problems With Indivisibilities When Preferences Are Single-Peaked," Working Papers. Serie AD 2006-14, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie). [Downloadable!]
    Other versions:
  6. Juan Moreno-Ternero & John E. Roemer, 2004. "Impartiality and Priority. Part 2: A Characterization with Solidarity," Cowles Foundation Discussion Papers 1477B, Cowles Foundation, Yale University, revised May 2005. [Downloadable!]
  7. Youngsub Chun & Junghoon Lee, 2007. "On the convergence of the random arrival rule in large claims problems," International Journal of Game Theory, Springer, vol. 36(2), pages 259-273, October. [Downloadable!] (restricted)
  8. William Thomson, 2006. "On the Existence of Consistent Rules to Adjudicate Conflicting Claims: A Constructive Geometric Approach," RCER Working Papers 528, University of Rochester - Center for Economic Research (RCER). [Downloadable!]
    Other versions:
  9. Rene van den Brink & Yukihiko Funaki & Gerard van der Laan, 2008. "The Reverse Talmud Rule for Bankruptcy Problems," Tinbergen Institute Discussion Papers 08-026/1, Tinbergen Institute, revised 27 Mar 2008. [Downloadable!]
  10. Carmen Herrero & Ricardo Martinez, 2006. "Up methods in the allocation of indivisibilities when preferences are single-peaked," Working Papers 06.30, Universidad Pablo de Olavide, Department of Economics. [Downloadable!]
    Other versions:
  11. Bettina Klaus, 2004. "A Note on the Separability Principle in Economies with Single-Peaked," UFAE and IAE Working Papers 601.04, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC), revised 14 Nov 2005. [Downloadable!]
  12. William Thomson, 2008. "Two families of rules for the adjudication of conflicting claims," Social Choice and Welfare, Springer, vol. 31(4), pages 667-692, December. [Downloadable!] (restricted)
    Other versions:
  13. Youngsub Chun, 2006. "The Separability Principle in Economies with Single-Peaked Preferences," Social Choice and Welfare, Springer, vol. 26(2), pages 239-253, April. [Downloadable!] (restricted)
Statistics
Access and download statistics

Did you know? Cannot find something on IDEAS? Encourage the publisher to index it! Instructions.

This page was last updated on 2009-10-18.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.