Abstract:
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Although classic bankruptcy problems take into account a single claims
vector, Pulido et al. (2008) show that there are real bankruptcy situations
where agents face more than one reference vector. In particular, they consider
the claims and an additional reference vector. To analyze these situations,
they propose the extreme and the diagonal approaches. Nonetheless, the
former approach depends on the order of the vectors: if we interchange the
claims and the reference vectors, the result changes. Moreover their study
is limited to the case in which the reference vector is lower than the claims
vector. In the present note, we propose an extension that solves these short-
comings by introducing the idea of impartiality.
Keywords: bankruptcy problems; reference point; compromise solution;
impartiality. |