Results 11 to 20 of about 595 (199)
Game theoretic analysis of negotiations under bankruptcy [PDF]
European Journal of Operational Research, 2011 We extend the contingent claims framework for the levered firm in explicitly modeling the resolution of financial distress under formal bankruptcy as a non-cooperative game between claimants under the supervision of the bankruptcy judge. The identity of the class of claimants proposing the first reorganization plan is found to be a key determinant of ...
Amira Annabi +2 more
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Population Monotonic Allocation Schemes in Bankruptcy Games [PDF]
Annals of Operations Research, 2002 The authors study the bankruptcy rule of bankruptcy problems, which yields the population monotonic allocation scheme of the associated game. They propose the thieve property which requires that if a claimant manages to escape with his claim, the amount allocated to each remaining claimant is not larger than his share in the original game.
Sofia Grahn, Mark Voorneveld
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Convexity and marginal contributions in bankruptcy games [PDF]
EconoQuantum, 2011 Bankruptcy problems, cooperative games, convexity, marginal contributions.
Leobardo Plata-Perez, Joss Sanchez-Perez
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Bankruptcy games with nontransferable utility [PDF]
Mathematical Social Sciences, 2017 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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A Compromise Stable Extension of Bankruptcy Games: Multipurpose Resource Allocation [PDF]
SSRN Electronic Journal, 2011 This paper considers situations characterized by a common-pool resource, which needs to be divided among agents. Each of the agents has some claim on this pool and an individual reward function for assigned resources. This paper analyzes not only the problem of max- imizing the total joint reward, but also the allocation of these rewards among the ...
Grundel, S. +2 more
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A Bargaining Solution With Level Structure
International Journal of Computational Intelligence Systems, 2019 Presently, a conventional coalition structure can no more cover all the types of cooperative structures in practice, external cooperation between the coalitions also affects the payoff allocation between the participants.
Xiao Yan, Li Dengfeng
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Bankruptcy Problem Allocations and the Core of Convex Games [PDF]
Economics Research International, 2014 A well-known result related to bankruptcy problems establishes that a vector is a bankruptcy allocation if and only if it belongs to the core of the associated O’Neill’s bankruptcy game. In this paper we show that this game is precisely the unique TU-game based on convex functions that satisfies the previous result.
William Olvera-Lopez +2 more
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On Bankruptcy Game Theoretic Interval Rules [PDF]
, 2013 Interval bankruptcy problems arise in situations where an estate has to be liquidated among a fixed number of creditors and uncertainty about the amounts of the claims is modeled by intervals. We extend in the interval setting the classical results by Curiel, Maschler and Tijs (1987) that characterize division rules which correspond to solutions of the
Branzei, Rodica +2 more
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Environmental and Sustainability IndicatorsA primary challenge in shared or international water resources management is ensuring their ''equitable and reasonable utilization''. This issue is further complicated by scarcity and can be addressed using Bankruptcy Games (BG).
Bentolhoda Asl-Rousta +1 more
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Does Climate Risk Affect Employment Decisions? International Evidence
Business Strategy and the Environment, EarlyView.ABSTRACT This study investigates the effect of climate risk on corporate employment decisions. Using a large sample from 41 countries, we find a positive association between climate risk and underinvestment in labor, notably manifesting as excessive employee layoffs.
Claude Francoeur +3 more
wiley +1 more source