Download This PaperCompromise Solutions for Bankruptcy Situations with References
CentER Discussion Paper No. 2003-36
14 Pages Posted: 24 Jun 2004
Date Written: 2003
Abstract
This paper deals with bankruptcy situations in which, in addition to the claims, an exogenously given reference point for the allocation of the estate is present. We introduce and analyse two types of compromise solutions and show that they coincide with the T value of two corresponding TU games. We apply our solutions to a real-life case of allocating university money to degree courses.
Keywords: Bankruptcy, compromise solutions, references
JEL Classification: C71
Suggested Citation: Suggested Citation
Borm, Peter E. M. and Hendrickx, Ruud and Pulido, M. and Llorca Pascual, Natividad and Sánchez-Soriano, Joaquín, Compromise Solutions for Bankruptcy Situations with References (2003). CentER Discussion Paper No. 2003-36, Available at SSRN: https://ssrn.com/abstract=555771 or http://dx.doi.org/10.2139/ssrn.555771
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