Alcalde, Jose and Marco-Gil, María del Carmen and Silva, José A. (2010): Merging and Going Bankrupt: A Neutral Solution.
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As it is known, there is no rule satisfying Additivity in the complete domain of bankruptcy problems. This paper proposes a notion of partial Additivity in this context, to be called m-additivity. We find that m-additivity, together with two quite compelling axioms, anonymity and continuity, identify the Minimal Overlap rule, introduced by Neill (1982).
|Item Type:||MPRA Paper|
|Original Title:||Merging and Going Bankrupt: A Neutral Solution|
|Keywords:||Bankruptcy Problems; Additivity; Minimal Overlap Rule|
|Subjects:||D - Microeconomics > D6 - Welfare Economics > D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
D - Microeconomics > D7 - Analysis of Collective Decision-Making > D71 - Social Choice; Clubs; Committees; Associations
C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory > C71 - Cooperative Games
|Depositing User:||Jose Alcalde|
|Date Deposited:||24. Jan 2011 14:31|
|Last Modified:||13. Feb 2013 14:07|
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