Compromise solutions for bankruptcy situations with references

Compromise solutions for bankruptcy situations with references

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Article ID: iaor2009580
Country: Netherlands
Volume: 158
Issue: 1
Start Page Number: 133
End Page Number: 141
Publication Date: Feb 2008
Journal: Annals of Operations Research
Authors: , , , ,
Abstract:

This paper deals with bankruptcy situations in which in addition to the claims, an exogenously given reference point for the allocation of the estate is present. We introduce and analyse two types of compromise solutions and show that they coincide with the τ value of two corresponding TU (Transferable Utility) games.

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