The proportional rule for multi-issue bankruptcy problems

Moreno-Ternero, Juan D.
(2009) Economics Bulletin — Vol. 29, n° 1, p. 483-490 (2009)

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  • Moreno-Ternero, Juan D.Universidad de Malaga
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Abstract
We invesstigate how to extend bankruptcy rules to the more general setting in which claims may refer to different issues. We consider two natural procedures and show that, among all bankruptcy rules, the proportional rule is the only one whose extensions according to the two procedures yield the same outcomes.
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Moreno-Ternero, J. D. (2009). The proportional rule for multi-issue bankruptcy problems. Economics Bulletin, 29(1), 483-490. https://hdl.handle.net/2078.5/250367 (Original work published 2009)