Browsing Discussion Papers by Author "SANTOS LOPEZ, JUAN CARLOS"

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      A common axiom for classical division rules for claims problems 

      Albizuri Irigoyen, Miren Iosune; Santos López, Juan Carlos ORCID (Departamento de Economía Aplicada IV, UPV/EHU, 2015)
      In this paper we introduce a new axiom, denoted claims separability, that is satisfied by several classical division rules defined for claims problems. We characterize axiomatically the entire family of division rules that ...
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      A potential approach to claims problems 

      Albizuri Irigoyen, Miren Iosune; Santos López, Juan Carlos ORCID (Departamento de Economía Aplicada IV, UPV/EHU, 2015)
      Hart and Mas Colell (1989) introduce the potential function for cooperative TU games. In this paper, we extend this approach to claims problems, also known as bankruptcy or rationing problems. We show that for appropriate ...
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      The minimal overlap cost sharing rule 

      Albizuri Irigoyen, Miren Iosune; Santos López, Juan Carlos ORCID (Departamento de Economía Aplicada IV, UPV/EHU, 2015)
      In this paper we introduce a new cost sharing rule-the minimal overlap cost sharing rule-which is associated with the minimal overlap rule for claims problems defined by O'Neill (1982). An axiomatic characterization is ...