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Remarks on solidarity in bankruptcy problems when agents merge or split

Author

Calleja, Pere

Llerena Garrés, Francesc

Sudhölter, Peter

Publication date

2024-06-17T06:58:48Z

2023-09-01

2024-06-17T06:58:53Z

info:eu-repo/date/embargoEnd/2026-08-31

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Abstract

In this note, we investigate the relationship between non-manipulability via merging (splitting) and strong non-manipulability via merging (splitting). Our analysis reveals that while these two non-manipulability axioms are generally not equivalent, they do coincide when the principle of solidarity is satisfied. This principle is fulfilled by a wide range of bankruptcy rules, including parametric rules.

Document Type

Article

Accepted version

Language

English

Subjects and keywords

Fallida; Anàlisi vectorial; Solidaritat; Bancs; Bankruptcy; Vector analysis; Solidarity; Banks

Publisher

Elsevier B.V.

Related items

Versió postprint del document publicat a: https://doi.org/10.1016/j.mathsocsci.2023.07.004

Mathematical Social Sciences, 2023, vol. 125, p. 61-64

https://doi.org/10.1016/j.mathsocsci.2023.07.004

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Rights

cc-by-nc-nd (c) Elsevier B.V., 2023

http://creativecommons.org/licenses/by-nc-nd/4.0/

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ISGlobal - Institut de Salut Global de Barcelona [61308]

Matemàtica Econòmica, Financera i Actuarial [366]