Bankruptcy problems with non-integer claims: definition and characterizations of the ICEA Solution

• Vito Fragnelli ^[1] ; Stefano Gagliardo ^[2] ; Fabio Gastaldi ^[1]
  1. [1] University of Eastern Piedmont Amadeo Avogadro

     University of Eastern Piedmont Amadeo Avogadro

     Vercelli, Italia

     
  2. [2] Consiglio Nazionale delle Ricerche, Italia
• Localización: Top, ISSN-e 1863-8279, ISSN 1134-5764, Vol. 24, Nº. 1, 2016, págs. 88-130
• Idioma: inglés
• DOI: 10.1007/s11750-016-0426-z
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• Resumen

  • In Fragnelli et al. (TOP 22:892–933, 2014), we considered a bankruptcy problem with the additional constraint that the estate has to be assigned in integer unities, allowing for non-integer claims. We dealt with the question of existence and uniqueness of a solution and proposed the “box method” that is strongly oriented towards the constrained equal losses solution; uniqueness may be guaranteed by introducing a ranking on the claimants. Here, we introduce a solution oriented towards the constrained equal awards solution and give three characterizations and a simple method for determining the solution.