Scandinavian Working Papers in Economics

Discussion Papers on Economics,
University of Southern Denmark, Department of Economics

No 1/2023: A note on solidarity in bankruptcy problems when agents merge or split

Peter Sudhölter (), Pedro Calleja () and Francesc Llerena ()
Additional contact information
Peter Sudhölter: Department of Economics, Postal: Department of Economics, University of Southern Denmark, Campusvej 55, DK-5230 Odense M, Denmark
Pedro Calleja: Department of Economics, Postal: Departament de Matem`atica Econ`omica , Financera i Actuarial , Universitat de Barcelona-BEAT,, Av. Diagonal, 690, 08034 Barcelona , Spain
Francesc Llerena: Department of Economics, Postal: Departament de Gesti´o d’Empreses , Universitat Rovira i Virgili-ECO-SOS , Av. de la Universitat, 1, 43204 Reus , Spain

Abstract: We explore the relationship between non-manipulability via merging (splitting) and strong non-manipulability via merging (splitting). We show that although, in general, these non-manipulability properties are not equivalent, under the principle of solidarity, fulfilled by a wide range of bankruptcy rules including parametric rules, they coincide.

Keywords: non-manipulability via merging or splitting; solidarity; bankruptcy rule

JEL-codes: C71

Language: English

11 pages, March 7, 2023

Full text files 

dpe1_2023.pdf PDF-file Full text

Download statistics

Questions (including download problems) about the papers in this series should be directed to Astrid Holm Nielsen ()
Report other problems with accessing this service to Sune Karlsson ().

This page generated on 2024-02-05 17:13:32.