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Game-Theoretic Analysis Of Bankruptcy And Taxation Problems: Recent Advances

Author

Listed:
  • WILLIAM THOMSON

    (Department of Economics; University of Rochester, Rochester, NY 14627, USA)

Abstract

A group of agents have claims on a resource, but there is not enough of the resource to honor all of the claims. How should it be divided? We survey the recent game theoretic approaches that have been followed in solving such "claims problems".

Suggested Citation

  • William Thomson, 2013. "Game-Theoretic Analysis Of Bankruptcy And Taxation Problems: Recent Advances," International Game Theory Review (IGTR), World Scientific Publishing Co. Pte. Ltd., vol. 15(03), pages 1-14.
    • Handle: RePEc:wsi:igtrxx:v:15:y:2013:i:03:n:s0219198913400185
    DOI: 10.1142/S0219198913400185
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    References listed on IDEAS

    as
    1. Helga Habis & P. Herings, 2013. "Stochastic bankruptcy games," International Journal of Game Theory, Springer;Game Theory Society, vol. 42(4), pages 973-988, November.
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    More about this item

    Keywords

    Claims problems; constrained equal awards rule; proportional rule; consistency; consistent extension; C79; D63; D74;
    All these keywords.

    JEL classification:

    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology
    • C0 - Mathematical and Quantitative Methods - - General
    • C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • D5 - Microeconomics - - General Equilibrium and Disequilibrium
    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • M2 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics

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