haku: @author Dagan, N. / yhteensä: 1
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| Tekijä: | Dagan, N. Serrano, R. Volij, O. |
| Otsikko: | A noncooperative view of consistent bankruptcy |
| Lehti: | Games and Economic Behavior
1997 : JAN, VOL. 18:1, p. 55-72 |
| Asiasana: | GAMES ECONOMIC BEHAVIOUR BANKRUPTCY |
| Kieli: | eng |
| Tiivistelmä: | The authors introduce a game form that captures a noncooperative dimension of the consistency property of bankruptcy rules. Any consistent and monotone rule is fully characterised by a bilateral principle and consistency. Like the consistency axiom, the game form, together with a bilateral principle, yields the corresponding consistent bankruptcy rule as a result of a unique outcome of Nash equilibria. The result holds for a large class of consistent and monotone rule, including the Constrained Equal Award, the Propositional Rule, and many other well known rules. |
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