Discussion Papers;;Discussion Papers: Recent submissions

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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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      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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      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 ...
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      Intermediate serial cost-sharing rules 

      Albizuri Irigoyen, Miren Iosune; Díez Sánchez, Henar ORCID; De Sarachu Campos, Amaia ORCID (Departamento de Economía Aplicada IV, UPV/EHU, 2014)
      In this paper we give a generalization of the serial cost-sharing rule defined by Moulin and Shenker (1992) for cost sharing problems. According to the serial cost sharing rule, agents with low demands of a good pay cost ...