IDEAS home Printed from https://ideas.repec.org/p/ris/qmetal/2012_002.html
   My bibliography  Save this paper

Mediation in Bankruptcy Problems

Author

Listed:
  • Peris, Josep E.

    (Universidad de Alicante, Departamento de Métodos Cuantitativos y Teoría Económica)

  • Jiménez-Gómez, José M.

    (Universitat Rovira i Virgili)

Abstract

Mediation is a dispute resolution process where agents reach a mutually acceptable agreement among prominent proposals. This paper provides a natural way of coming to this agreement in bankruptcy problems. The central fact is that such problems can be faced from two different (focal) points of view: awards and losses. Given this views, we assume that agents decide a group of principles on which the distribution of the available resources should be based. Next we define a double recursive process by the application of both a lower and an upper bound on awards. Finally, we obtain that this process concludes at the midpoint between the two focal rules. By applying the result to some possible sets of principles we retrieve the average of old and well known bankruptcy rules.

Suggested Citation

  • Peris, Josep E. & Jiménez-Gómez, José M., 2012. "Mediation in Bankruptcy Problems," QM&ET Working Papers 12-2, University of Alicante, D. Quantitative Methods and Economic Theory.
    • Handle: RePEc:ris:qmetal:2012_002
    as

    Download full text from publisher

    File URL: http://web.ua.es/es/dmcte/documentos/qmetwp1202.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Bankruptcy problems; Midpoint; Bounds; Recursivity;
    All these keywords.

    JEL classification:

    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:qmetal:2012_002. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Julio Carmona (email available below). General contact details of provider: https://edirc.repec.org/data/dmalies.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.