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Journal ArticleDOI

Axiomatic and game-theoretic analysis of bankruptcy and taxation problems: an update

William Thomson
- 01 Jul 2003 - 
- Vol. 45, Iss: 3, pp 249-297
TLDR
This essay is an update of Thomson (2003), a survey of the literature devoted to the study of such problems as a group of agents having claims on a resource but there is not enough of it to honor all of the claims.
About
This article is published in Mathematical Social Sciences.The article was published on 2003-07-01. It has received 577 citations till now. The article focuses on the topics: Bankruptcy problem & Bankruptcy.

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Citations
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BookDOI

Handbook of Computational Social Choice

TL;DR: This handbook, written by thirty-six prominent members of the computational social choice community, covers the field comprehensively and offers detailed introductions to each of the field's major themes.
Journal ArticleDOI

Moral Property Rights in Bargaining with Infeasible Claims

TL;DR: It is argued that entitlements constitute a "moral property right" that is influential independent of negotiators' legal property rights as well as the influence of entitlements and obligations through the whole bargaining process.
Book ChapterDOI

Chapter Twenty-One - Fair Allocation Rules

TL;DR: In this paper, the authors present punctual notions designed to evaluate how well individuals, or groups, are treated in relation to one another: no-envy, egalitarian-equivalence, individual and collective lower or upper bounds on welfare, notions of equal or equivalent opportunities, as well as various families extending these notions.
Journal ArticleDOI

Efficient Matching under Distributional Constraints: Theory and Applications

TL;DR: In this article, the authors study the design of matching mechanisms under distributional constraints and show that existing matching mechanisms suffer from inefficiency and instability, and propose a mechanism that is better in terms of efficiency, stability, and incentives while respecting the distributional constraint.
Journal ArticleDOI

Dividing justly in bargaining problems with claims

TL;DR: This article examined both people's impartial normative evaluations as well as their actual negotiation behavior in a bargaining with claims environment and found that the proportional solution is the normatively most attractive rule, whereas actual negotiation agreements are closest to the "constrained equal-award" solution.
References
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Journal ArticleDOI

The Bargaining Problem

John F. Nash
- 01 Apr 1950 - 
TL;DR: In this paper, a new treatment is presented of a classical economic problem, one which occurs in many forms, as bargaining, bilateral monopoly, etc It may also be regarded as a nonzero-sum two-person game in which a few general assumptions are made concerning the behavior of a single individual and of a group of two individuals in certain economic environments.
Book ChapterDOI

A Value for n-person Games

TL;DR: In this paper, an examination of elementary properties of a value for the essential case is presented, which is deduced from a set of three axioms, having simple intuitive interpretations.
Journal ArticleDOI

Perfect equilibrium in a bargaining model

Ariel Rubinstein
- 01 Jan 1982 - 
TL;DR: In this paper, a study which examined perfect equilibrium in a bargaining model was presented, focusing on a strategic approach adopted for the study and details of the bargaining situation used; discussion on perfect equilibrium.
Book ChapterDOI

17. A Value for n-Person Games

Journal ArticleDOI

The Nucleolus of a Characteristic Function Game

TL;DR: In this paper, a correct proof for this fact is given, based on an alternative definition of the nucleolus, which is of some interest in its own right, and the proof is based on a definition of an alternative class of nucleoli.