The minimal overlap rule: restrictions on mergers for creditors’ consensus
| Contribuinte(s) |
Universidad de Alicante. Departamento de Métodos Cuantitativos y Teoría Económica Universidad de Alicante. Instituto Interuniversitario de Desarrollo Social y Paz Grupo de Estudios de Paz y Desarrollo (GEPYD) |
|---|---|
| Data(s) |
04/02/2015
04/02/2015
01/04/2014
|
| Resumo |
As it is known, there is no rule satisfying additivity in the complete domain of bankruptcy problems. This paper proposes a notion of partial additivity in this context, to be called μ-additivity. We find out that this property, together with two quite compelling axioms, equal treatment of equals and continuity, identify the minimal overlap rule, introduced by O’Neill (Math. Soc. Sci. 2:345–371, 1982). This work is partially supported by the Instituto Valenciano de Investigaciones Económicas and the Spanish Ministerio de Educación y Ciencia, Project SEJ2007-62656 (Alcalde) and the Consellería de la Generalitat Valenciana, project PROMETEO/2009/068 (Silva-Reus). |
| Identificador |
Top. 2014, 22(1): 363-383. doi:10.1007/s11750-012-0262-8 1134-5764 (Print) 1863-8279 (Online) http://hdl.handle.net/10045/44551 10.1007/s11750-012-0262-8 |
| Idioma(s) |
eng |
| Publicador |
Springer Berlin Heidelberg |
| Relação |
http://dx.doi.org/10.1007/s11750-012-0262-8 |
| Direitos |
© Sociedad de Estadística e Investigación Operativa 2012. The final publication is available at Springer via http://dx.doi.org/10.1007/s11750-012-0262-8 info:eu-repo/semantics/restrictedAccess |
| Palavras-Chave | #Bankruptcy problems #Additivity #Minimal overlap rule #Fundamentos del Análisis Económico |
| Tipo |
info:eu-repo/semantics/article |
