Bilateral comparisons and consistent fair division rules in the context of bankruptcy problems

Nir Dagan, Oscar Volij

Research output: Contribution to journalArticlepeer-review

25 Scopus citations

Abstract

We analyze the problem of extending a given bilateral principle of justice to a consistent n-creditor bankruptcy rule. Based on the bilateral principle, we build a family of binary relations on the set of creditors in order to make bilateral comparisons between them. We find that the possibility of extending a specific bilateral principle of justice in a consistent way is closely related to the quasi-transitivity of the binary relations mentioned above.

Original languageEnglish
Pages (from-to)11-25
Number of pages15
JournalInternational Journal of Game Theory
Volume26
Issue number1
DOIs
StatePublished - 1 Jan 1997
Externally publishedYes

ASJC Scopus subject areas

  • Statistics and Probability
  • Mathematics (miscellaneous)
  • Social Sciences (miscellaneous)
  • Economics and Econometrics
  • Statistics, Probability and Uncertainty

Fingerprint

Dive into the research topics of 'Bilateral comparisons and consistent fair division rules in the context of bankruptcy problems'. Together they form a unique fingerprint.

Cite this