The equitable division of a joint cost (or a jointly produced output) among agents with
different shares or types of output (or input) commodities, is a central theme of the theory of …

When a firm goes bankrupt, how should its liquidation value be divided among its creditors?
This essay is an introduction to the literature devoted to the formal analysis of such …

The main purpose of this survey paper is to review the axiomatic characterizations of the
Shapley value, the prekernel, the prenucleolus, and the core by means of a consistency …

A group of agents have claims on a resource but there is not enough of it to honor all of the
claims. How should it be divided? A group of agents decide to undertake a public project …

Bankruptcy problems are considered from a game theoretic point of view. Solution concepts
from cooperative game theory are studied for bankruptcy games. A necessary and sufficient …

We define a new solution concept for transferable utility cooperative games in characteristic
function form, in a framework where individuals believe in equality as a desirable social …

A fixed group of n agents share a one input, one output technology with decreasing returns.
We propose the following cost sharing formula. Agent 1 with the lowest demand of output q 1 …

In a rationing problem, each agent demands a quantity of a certain commodity and the
available resources fall short of total demand. A rationing method solves this problem at …

This paper provides a comparative analysis of some classical solutions to bankruptcy
problems from an axiomatic viewpoint. These rules are the constrained equal-awards rule …

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