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Article
The Minimal Overlap Rule: Restrictions on Mergers for Creditors' Consensus
TOP (2014)
  • Jose Alcalde, University of Alicante
  • José A. Silva-Reus, University of Alicante
  • María del Carmen Marco-Gil
Abstract
As it is known, there is no rule satisfying additivity in the complete domain of bankruptcy problems. This paper proposes a notion of partial additivity in this context, to be called μ-additivity. We find out that this property, together with two quite compelling axioms, equal treatment of equals and continuity, identify the minimal overlap rule, introduced by O’Neill (Math. Soc. Sci. 2:345–371, 1982).
Keywords
  • Bankruptcy problems,
  • Additivity,
  • Minimal overlap rule
Publication Date
April, 2014
Citation Information
Jose Alcalde, José A. Silva-Reus and María del Carmen Marco-Gil. "The Minimal Overlap Rule: Restrictions on Mergers for Creditors' Consensus" TOP Vol. 22 Iss. 1 (2014)
Available at: http://works.bepress.com/jose_alcalde/32/