Browsing by Keywords "Proportional rule"
Now showing items 1-2 of 2
-
(In)efficiency and equitability of equilibrium outcomes in a family of bargaining games
(Springer, 2022-11-21)We construct a parametric family of (modified) divide-the-dollar games: when there is excess demand, some portion of the dollar may disappear and the remaining portion is distributed in a bankruptcy problem. In two extremes, ... -
A noncooperative approach to bankruptcy problems with an endogenous estate
(Springer, 2014)We introduce a new class of bankruptcy problems in which the value of the estate is endogenous and depends on agents' investment decisions. There are two investment alternatives: investing in a company (risky asset) and ...
