Stochastic bankruptcy games


Autoria(s): Habis, Helga; Herings, Jean-Jacques P.
Data(s)

01/02/2012

Resumo

We study bankruptcy games where the estate and the claims have stochastic values. We use the Weak Sequential Core as the solution concept for such games. We test the stability of a number of well known division rules in this stochastic setting and find that most of them are unstable, except for the Constrained Equal Awards rule, which is the only one belonging to the Weak Sequential Core.

Formato

application/pdf

Identificador

http://unipub.lib.uni-corvinus.hu/633/1/Stochastic_MTDP1205.pdf

Habis, Helga and Herings, Jean-Jacques P. (2012) Stochastic bankruptcy games. Working Paper. Institute of Economics, Research Centre for Economic and Regional Studies, Hungarian Academy of Sciences, Budapest.

Publicador

Institute of Economics, Research Centre for Economic and Regional Studies, Hungarian Academy of Sciences

Relação

http://unipub.lib.uni-corvinus.hu/633/

http://econ.core.hu/file/download/mtdp/MTDP1205.pdf

Palavras-Chave #Mathematics, Econometrics
Tipo

Monograph

NonPeerReviewed

Idioma(s)

en

en