An Axiomatization of the Proportional Rule in Financial Networks
An Axiomatization of the Proportional Rule in Financial Networks
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Publisher
Linthicum: INFORMS
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Language
English
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Publisher
Linthicum: INFORMS
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Scope and Contents
Contents
The most important rule to determine payments in real-life bankruptcy problems is the proportional rule. Many such bankruptcy problems are characterized by network aspects, and the values of the agents’ assets are endogenous as they depend on the extent to which claims on other agents can be collected. These network aspects make an axiomatic analys...
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Full title
An Axiomatization of the Proportional Rule in Financial Networks
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TN_cdi_informs_primary_10_1287_mnsc_2020_3700
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_informs_primary_10_1287_mnsc_2020_3700
Other Identifiers
ISSN
0025-1909
E-ISSN
1526-5501
DOI
10.1287/mnsc.2020.3700