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NTU-bankruptcy problems: consistency and the relative adjustment principle
Review of Economic Design ( IF 0.238 ) Pub Date : 2019-10-25 , DOI: 10.1007/s10058-019-00227-x
Bas Dietzenbacher , Peter Borm , Arantza Estévez-Fernández

This paper axiomatically studies bankruptcy problems with nontransferable utility by focusing on generalizations of consistency and the contested garment principle. On the one hand, we discuss several consistency notions and introduce the class of parametric bankruptcy rules which contains the proportional rule, the constrained relative equal awards rule, and the constrained relative equal losses rule. On the other hand, we introduce the class of adjusted bankruptcy rules and characterize the relative adjustment principle by truncation invariance, minimal rights first, and a weak form of relative symmetry.

中文翻译:

南大破产问题:一致性和相对调整原则

本文着眼于一致性的概括和有争议的成衣原则,对具有不可转让效用的破产问题进行公理地研究。一方面,我们讨论了几种一致性概念,并介绍了参数破产规则的类别,该规则包含比例规则,约束的相对等额奖励规则和约束的相对等额损失规则。另一方面,我们介绍了调整后破产规则的类别,并通过截断不变性,最小权限优先和相对对称的弱形式来描述相对调整原则。
更新日期:2019-10-25
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