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

Nir Dagan, Oscar Volij

Research output: Contribution to journalArticlepeer-review

24 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

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