Abstract

http://ssrn.com/abstract=927763
 
 

Citations



 


 



Proportionality and Non-Manipulability in Bankruptcy Problems


Juan D. Moreno Ternero


Universidad Pablo de Olavide; Catholic University of Louvain (UCL) - Center for Operations Research and Econometrics (CORE)


International Game Theory Review, Vol. 8, No. 1, pp. 127-139, 2006

Abstract:     
We explore the relationship between proportionality and manipulation (via merging or splitting agents' claims) in bankruptcy problems. We provide an alternative proof to the well-known result that, in an unrestricted domain, immunity to manipulation is equivalent to requiring proportional division. We show that this result also holds for restricted (but sufficiently rich) domains, such as the domain of simple problems and the domain of zero-normalized problems. Finally, we characterize two adjustments of the proportional rule by combining non-manipulabilty on these domains and the usual axioms of independence of claims truncation and composition from minimal rights.

Keywords: Bankruptcy problems, proportional allocation, manipulation via merging or splitting, axiomatic characterizations

JEL Classification: D63

Accepted Paper Series





Not Available For Download

Date posted: September 1, 2006  

Suggested Citation

Moreno Ternero, Juan D., Proportionality and Non-Manipulability in Bankruptcy Problems. International Game Theory Review, Vol. 8, No. 1, pp. 127-139, 2006. Available at SSRN: http://ssrn.com/abstract=927763

Contact Information

Juan D. Moreno-Ternero (Contact Author)
Universidad Pablo de Olavide ( email )
Ctra. Utrera, Km.1
Sevilla, Seville 41010
Spain
HOME PAGE: http://https://sites.google.com/site/jmorenoternero/
Catholic University of Louvain (UCL) - Center for Operations Research and Econometrics (CORE) ( email )
34 Voie du Roman Pays
B-1348 Louvain-la-Neuve, b-1348
Belgium
HOME PAGE: http://www.core.ucl.ac.be/~moreno/
Feedback to SSRN


Paper statistics
Abstract Views: 342

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo5 in 0.297 seconds