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

• José Alcalde ^[1] ; María del Carmen Marco-Gil ^[2] ; José A. Silva-Reus ^[1]
  1. [1] Universitat d'Alacant

     Universitat d'Alacant

     Alicante, España

     
  2. [2] Universidad Politécnica de Cartagena

     Universidad Politécnica de Cartagena

     Cartagena, España

     
• Localización: Top, ISSN-e 1863-8279, ISSN 1134-5764, Vol. 22, Nº. 1, 2014, págs. 363-383
• Idioma: inglés
• Enlaces
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• Resumen

  • 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).