On priority in multi-issue bankruptcy problems with crossed claims
Optimization and Control
2022-09-23 v2 Theoretical Economics
Abstract
In this paper, we analyze the problem of how to adapt the concept of priority to situations where several perfectly divisible resources have to be allocated among certain set of agents that have exactly one claim which is used for all resources. In particular, we introduce constrained sequential priority rules and two constrained random arrival rules, which extend the classical sequential priority rules and the random arrival rule to these situations. Moreover, we provide an axiomatic analysis of these rules.
Cite
@article{arxiv.2205.00450,
title = {On priority in multi-issue bankruptcy problems with crossed claims},
author = {Rick K. Acosta-Vega and Encarnación Algaba and Joaquín Sánchez-Soriano},
journal= {arXiv preprint arXiv:2205.00450},
year = {2022}
}
Comments
12 pages. arXiv admin note: substantial text overlap with arXiv:2202.09877