NTU-Bankruptcy Problems: Consistency and the Relative Adjustment Principle

B. Dietzenbacher; Peter Borm; M.A. Estevez Fernandez

NTU-Bankruptcy Problems: Consistency and the Relative Adjustment Principle

B. Dietzenbacher, Peter Borm, M.A. Estevez Fernandez

Tinbergen Institute

Research output: Working paper / Preprint › Working paper › Academic

Abstract

This paper axiomatically studies bankruptcy problems with nontransferable utility by adequately generalizing and analyzing properties for bankruptcy rules. In particular, we discuss several consistency notions and introduce the class of parametric bankruptcy rules. Moreover, we introduce the class of adjusted bankruptcy rules and study the relative adjustment principle based on relative symmetry, truncation invariance, and minimal rights first.

Original language	English
Place of Publication	Tilburg
Publisher	CentER, Center for Economic Research
Number of pages	9
Volume	2017-044
ISBN (Electronic)	2213-9532
ISBN (Print)	0924-7815
Publication status	Published - 6 Nov 2017

Keywords

NTU-bankruptcy problem
axiomatic analysis
consistency
parametric bankruptcy rules
adjusted bankruptcy rules
relatived adjustment principle

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KW - axiomatic analysis

KW - consistency

KW - parametric bankruptcy rules

KW - adjusted bankruptcy rules

KW - relatived adjustment principle

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NTU-Bankruptcy Problems: Consistency and the Relative Adjustment Principle

Abstract

Keywords

UN SDGs

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