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Spanish Economic Review

, Volume 8, Issue 3, pp 189–197 | Cite as

A Non-cooperative Approach to Bankruptcy Problems

  • Ignacio García-Jurado
  • Julio González-Díaz
  • Antonio Villar
Regular Article

Abstract

We propose an elementary game form that allows to obtain the allocations proposed by any acceptable bankruptcy rule as the unique payoff vector of the corresponding Nash equilibria.

Keywords

Bankruptcy Non-cooperative games Nash equilibrium Strong equilibrium 

JEL Classification

D63 C72 

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Copyright information

© Springer-Verlag 2006

Authors and Affiliations

  • Ignacio García-Jurado
    • 1
  • Julio González-Díaz
    • 2
  • Antonio Villar
    • 3
  1. 1.IDEGA & Department of Statistics and ORUniversity of Santiago de CompostelaSantiago de CompostelaSpain
  2. 2.Department of Statistics and ORUniversity of Santiago de CompostelaSantiago de CompostelaSpain
  3. 3.University of Alicante & IvieAlicanteSpain

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