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 Universidad de Alicante, España
- 2 Universidad de Cartagena, España
ISSN: 1863-8279, 1134-5764
Argitalpen urtea: 2014
Alea: 22
Zenbakia: 1
Orrialdeak: 363-383
Mota: Artikulua
Beste argitalpen batzuk: Top
Laburpena
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).
Finantzaketari buruzko informazioa
Acknowledgements We are grateful to Hervé Moulin, William Thomson, the anonymous referees and the Editor-in-Chief, Justo Puerto, for their helpful comments. This work is partially supported by the Insti-tuto 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).Finantzatzaile
-
Ministerio de Educación Superior, Ciencia y Tecnología, República Dominicana
Dominican Republic
- SEJ2007-62656
-
- PROMETEO/2009/068