Proportionality, equality, and duality in bankruptcy problems with nontransferable utility

B. Dietzenbacher*, A. Estévez-Fernández, P. Borm, R. Hendrickx

*Corresponding author for this work

Research output: Contribution to JournalArticleAcademicpeer-review

Abstract

This paper studies bankruptcy problems with nontransferable utility as a generalization of bankruptcy problems with monetary estate and claims. Following the theory on TU-bankruptcy, we introduce a duality notion for NTU-bankruptcy rules and derive several axiomatic characterizations of the proportional rule and the constrained relative equal awards rule.

Original languageEnglish
JournalAnnals of Operations Research
DOIs
Publication statusAccepted/In press - 1 Jan 2020

Keywords

  • Constrained relative equal awards rule
  • Duality
  • NTU-bankruptcy
  • Proportional rule

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