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Proportional Rule for Multi-Issue Bankruptcy Problems


Juan D. Moreno Ternero


Universidad Pablo de Olavide; Catholic University of Louvain (UCL) - Center for Operations Research and Econometrics (CORE)
January 9, 2007

Economics Bulletin, Vol. 29, No. 1, pp. 483-490, 2009
CORE Discussion Paper No. 2006/76

Abstract:     
We investigate how to extend bankruptcy rules to the general setting in which agents' claims may refer to different issues. We show that the proportional rule is the only one whose extensions according to two natural procedures yield the same outcomes.

Number of Pages in PDF File: 9

Keywords: Multi-issue bankruptcy problems, proportional rule, characterization result.

JEL Classification: D63, D74

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Date posted: November 19, 2006 ; Last revised: August 23, 2011

Suggested Citation

Moreno Ternero, Juan D. , Proportional Rule for Multi-Issue Bankruptcy Problems (January 9, 2007). Economics Bulletin, Vol. 29, No. 1, pp. 483-490, 2009; CORE Discussion Paper No. 2006/76. Available at SSRN: http://ssrn.com/abstract=945082

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/
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