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- Title
Bankruptcy Problem Allocations and the Core of Convex Games.
- Authors
Olvera-Lopez, William; Sanchez-Sanchez, Francisco; Tellez-Tellez, Iván
- Abstract
A well-known result related to bankruptcy problems establishes that a vector is a bankruptcy allocation if and only if it belongs to the core of the associated O'Neill's bankruptcy game. In this paper we show that this game is precisely the unique TU-game based on convex functions that satisfies the previous result. In addition, given a bankruptcy problem, we show a way for constructing bankruptcy games such that the set of bankruptcy allocations is a subset of their core or their core is a subset of the set of bankruptcy allocations. Also, we show how these results can be applied for finding new bankruptcy solutions.
- Subjects
BANKRUPTCY; CONVEX functions; BANKRUPTCY prevention; BANKRUPTCY jurisdiction; RESOURCE allocation; ECONOMICS
- Publication
Economics Research International, 2014, p1
- ISSN
2090-2123
- Publication type
Article
- DOI
10.1155/2014/517951