Download This PaperA Composite Run-to-The-Bank Rule for Multi-Issue Allocation Situations
CentER Discussion Paper No. 2003-59
15 Pages Posted: 23 Jul 2004
Date Written: 2003
Abstract
In this paper, we propose a new extension of the run-to-the-bank rule for bankruptcy situations to the class of multi-issue allocation situations. We show that this rule always yields a core element and that it satisfies self-duality. We characterize our rule by means of a new consistency property, issue-consistency.
Keywords: Cooperative games, multi-issue allocation, bankruptcy, self-duality, consistency
Suggested Citation: Suggested Citation
Gonzalez-Alcon, Carlos María and Borm, Peter E. M. and Hendrickx, Ruud, A Composite Run-to-The-Bank Rule for Multi-Issue Allocation Situations (2003). CentER Discussion Paper No. 2003-59, Available at SSRN: https://ssrn.com/abstract=556078 or http://dx.doi.org/10.2139/ssrn.556078
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