Stochastic bankruptcy games
(2013) In International Journal of Game Theory 42(4). p.973-988- Abstract
- We study bankruptcy problems where the estate and the claims have stochastic values and we allow these values to be correlated. We associate a transferable utility game with uncertainty to a stochastic bankruptcy problem and use the Weak Sequential Core as a solution concept for such games. We test the stability of a number of well known division rules in this stochastic setting and find that all of them are unstable, with the exception of the stochastic extension of the Constrained Equal Awards rule which leads to a Weak Sequential Core element.
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/3801750
- author
- Habis, Helga LU and Herings, P.J.J.
- organization
- publishing date
- 2013
- type
- Contribution to journal
- publication status
- published
- subject
- keywords
- Transferable utility games Uncertainty Weak Sequential Core Bankruptcy games
- in
- International Journal of Game Theory
- volume
- 42
- issue
- 4
- pages
- 973 - 988
- publisher
- Springer
- external identifiers
-
- wos:000325429600011
- scopus:84885932261
- ISSN
- 1432-1270
- DOI
- 10.1007/s00182-012-0350-x
- language
- English
- LU publication?
- yes
- id
- a32ec5de-f0b0-4a38-8666-019709492a09 (old id 3801750)
- date added to LUP
- 2016-04-01 10:08:10
- date last changed
- 2022-04-27 18:53:19
@article{a32ec5de-f0b0-4a38-8666-019709492a09,
abstract = {{We study bankruptcy problems where the estate and the claims have stochastic values and we allow these values to be correlated. We associate a transferable utility game with uncertainty to a stochastic bankruptcy problem and use the Weak Sequential Core as a solution concept for such games. We test the stability of a number of well known division rules in this stochastic setting and find that all of them are unstable, with the exception of the stochastic extension of the Constrained Equal Awards rule which leads to a Weak Sequential Core element.}},
author = {{Habis, Helga and Herings, P.J.J.}},
issn = {{1432-1270}},
keywords = {{Transferable utility games Uncertainty Weak Sequential Core Bankruptcy games}},
language = {{eng}},
number = {{4}},
pages = {{973--988}},
publisher = {{Springer}},
series = {{International Journal of Game Theory}},
title = {{Stochastic bankruptcy games}},
url = {{http://dx.doi.org/10.1007/s00182-012-0350-x}},
doi = {{10.1007/s00182-012-0350-x}},
volume = {{42}},
year = {{2013}},
}