The minimal overlap rule: restrictions on mergers for creditors’ consensus

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Title: The minimal overlap rule: restrictions on mergers for creditors’ consensus
Authors: Alcalde, Jose | Marco-Gil, María del Carmen | Silva Reus, José Ángel
Research Group/s: Grupo de Estudios de Paz y Desarrollo (GEPYD)
Center, Department or Service: Universidad de Alicante. Departamento de Métodos Cuantitativos y Teoría Económica | Universidad de Alicante. Instituto Interuniversitario de Desarrollo Social y Paz
Keywords: Bankruptcy problems | Additivity | Minimal overlap rule
Knowledge Area: Fundamentos del Análisis Económico
Issue Date: Apr-2014
Publisher: Springer Berlin Heidelberg
Citation: Top. 2014, 22(1): 363-383. doi:10.1007/s11750-012-0262-8
Abstract: 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).
Sponsor: 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).
URI: http://hdl.handle.net/10045/44551
ISSN: 1134-5764 (Print) | 1863-8279 (Online)
DOI: 10.1007/s11750-012-0262-8
Language: eng
Type: info:eu-repo/semantics/article
Rights: © 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
Peer Review: si
Publisher version: http://dx.doi.org/10.1007/s11750-012-0262-8
Appears in Collections:INV - GEPYD - Artículos de Revistas
INV - DMCTE - Artículos de Revistas

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