Weighted bankruptcy rules and the museum pass problem

Weighted bankruptcy rules and the museum pass problem

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Article ID: iaor20117774
Volume: 215
Issue: 1
Start Page Number: 161
End Page Number: 168
Publication Date: Nov 2011
Journal: European Journal of Operational Research
Authors: , ,
Keywords: financial
Abstract:

In this paper we introduce and characterize some allocation rules for weighted bankruptcy problems. We illustrate the relevancy of weighted bankruptcy by applying it to analyse the museum pass problem, introduced by Ginsburgh and Zang (2003). This application is completed with the analysis of real data for the ‘Card Musei’ of the Municipality of Genova.

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