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A Non-cooperative Approach to Bankruptcy Problems
Authors:Ignacio García-Jurado  Julio González-Díaz  Antonio Villar
Institution:(1) IDEGA & Department of Statistics and OR, University of Santiago de Compostela, 15782 Santiago de Compostela, Spain;(2) Department of Statistics and OR, University of Santiago de Compostela, 15782 Santiago de Compostela, Spain;(3) University of Alicante & Ivie, Alicante, Spain
Abstract:We propose an elementary game form that allows to obtain the allocations proposed by any acceptable bankruptcy rule as the unique payoff vector of the corresponding Nash equilibria.
Keywords:Bankruptcy  Non-cooperative games  Nash equilibrium  Strong equilibrium
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