Compromise solutions for bankruptcy situations with references
- 139 Downloads
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 games. We apply our solutions to a real-life case of allocating university money to degree courses.
Unable to display preview. Download preview PDF.
- Pulido, M. (2001). Estructuras de coaliciones y aplicaciones de la teoría de juegos. Tesis Doctoral, Universidad Miguel Hernández, Elche, Spain. Google Scholar
- Tijs, S. (1981). Bounds for the core and τ-value. In O. Moeschlin, & D. Pallaschke (Eds.) Game theory and mathematical economics (pp. 123–132). North-Holland, Amsterdam. Google Scholar