The minimal overlap rule: restrictions on mergers for creditors' consensus

被引:10
作者
Alcalde, Jose [1 ,2 ]
del Carmen Marco-Gil, Maria [3 ]
Silva-Reus, Jose A. [1 ,2 ]
机构
[1] Univ Alicante, Dept Quantitat Methods & Econ Theory, E-03080 Alicante, Spain
[2] Univ Alicante, IUDESP, E-03080 Alicante, Spain
[3] Polytech Univ Cartagena, Dept Econ, Cartagena, Spain
关键词
Bankruptcy problems; Additivity; Minimal overlap rule; GAME-THEORETIC ANALYSIS; TALMUD; BANKRUPTCY;
D O I
10.1007/s11750-012-0262-8
中图分类号
C93 [管理学]; O22 [运筹学];
学科分类号
070105 ; 12 ; 1201 ; 1202 ; 120202 ;
摘要
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 mu-additivity. We find out that this property, together with two quite compelling axioms, equal treatment of equals and continuity, identify the minimal overlap rule, introduced by O'Neill (Math. Soc. Sci. 2:345-371, 1982).
引用
收藏
页码:363 / 383
页数:21
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