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Bankruptcy problems with interval uncertainty

Author

Listed:
  • Rodica Branzei

    (Faculty of Computer Science, Alexandru Ioan Cuza University, Iasi, Romania)

  • Sirma Zeynep Alparslan Gok

    (Institute of Applied Mathematics, Middle East Technical University, Ankara, Turkey)

Abstract

In this paper, bankruptcy situations with interval data are studied. Two classical bankruptcy rules, namely the proportional rule and the rights-egalitarian rule, are extended to the interval setting. It turns out that these bankruptcy interval rules generate elements in the interval core of a related cooperative interval game.

Suggested Citation

  • Rodica Branzei & Sirma Zeynep Alparslan Gok, 2008. "Bankruptcy problems with interval uncertainty," Economics Bulletin, AccessEcon, vol. 3(56), pages 1-10.
    • Handle: RePEc:ebl:ecbull:eb-08c70030
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    File URL: http://www.accessecon.com/pubs/EB/2008/Volume3/EB-08C70030A.pdf
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    References listed on IDEAS

    as
    1. repec:ebl:ecbull:v:3:y:2003:i:9:p:1-8 is not listed on IDEAS
    2. M. Pulido & P. Borm & R. Hendrickx & N. Llorca & J. Sánchez-Soriano, 2008. "Compromise solutions for bankruptcy situations with references," Annals of Operations Research, Springer, vol. 158(1), pages 133-141, February.
    3. Dinko Dimitrov & Stef Tijs & Rodica Branzei, 2003. "Shapley-like values for interval bankruptcy games," Economics Bulletin, AccessEcon, vol. 3(9), pages 1-8.
    4. Rodica Brânzei & Giulio Ferrari & Vito Fragnelli & Stef Tijs, 2002. "Two Approaches to the Problem of Sharing Delay Costs in Joint Projects," Annals of Operations Research, Springer, vol. 109(1), pages 359-374, January.
    5. Aumann, Robert J. & Maschler, Michael, 1985. "Game theoretic analysis of a bankruptcy problem from the Talmud," Journal of Economic Theory, Elsevier, vol. 36(2), pages 195-213, August.
    6. H. Peyton Young, 1987. "On Dividing an Amount According to Individual Claims or Liabilities," Mathematics of Operations Research, INFORMS, vol. 12(3), pages 398-414, August.
    7. Carlo Carraro & Vito Fragnelli (ed.), 2004. "Game Practice and the Environment," Books, Edward Elgar Publishing, number 3344.
    8. Herrero, Carmen & Maschler, Michael & Villar, Antonio, 1999. "Individual rights and collective responsibility: the rights-egalitarian solution," Mathematical Social Sciences, Elsevier, vol. 37(1), pages 59-77, January.
    9. Tijs, S.H. & Brânzei, R., 2004. "Cost sharing in a joint project," Other publications TiSEM 38dc89bd-b4ec-43a6-bdef-a, Tilburg University, School of Economics and Management.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Thomson, William, 2015. "Axiomatic and game-theoretic analysis of bankruptcy and taxation problems: An update," Mathematical Social Sciences, Elsevier, vol. 74(C), pages 41-59.
    2. Rodica Branzei & Marco Dall’Aglio, 2009. "Allocation rules incorporating interval uncertainty," Operations Research and Decisions, Wroclaw University of Science and Technology, Faculty of Management, vol. 19(2), pages 19-28.
    3. Sergio Ortobelli Lozza & Tommaso Lando & Filomena Petronio & Tomáš Tichý, 2016. "Asymptotic Multivariate Dominance: A Financial Application," Methodology and Computing in Applied Probability, Springer, vol. 18(4), pages 1097-1115, December.
    4. Lina Mallozzi & Juan Vidal-Puga, 2021. "Uncertainty in cooperative interval games: how Hurwicz criterion compatibility leads to egalitarianism," Annals of Operations Research, Springer, vol. 301(1), pages 143-159, June.
    5. Gök Sırma Zeynep Alparslan & Rodica Branzei & Stef Tijs, 2009. "Airport interval games and their Shapley value," Operations Research and Decisions, Wroclaw University of Science and Technology, Faculty of Management, vol. 19(2), pages 9-18.

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    JEL classification:

    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory

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