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 language | English |
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Pages (from-to) | 11-25 |
Number of pages | 15 |
Journal | International Journal of Game Theory |
Volume | 26 |
Issue number | 1 |
DOIs | |
State | Published - 1 Jan 1997 |
Externally published | Yes |
ASJC Scopus subject areas
- Statistics and Probability
- Mathematics (miscellaneous)
- Social Sciences (miscellaneous)
- Economics and Econometrics
- Statistics, Probability and Uncertainty