Problems of Establishing Malfeasance in Bankruptcy
نویسندگان
چکیده
منابع مشابه
Updating claims in bankruptcy problems
We reexamine the consistency axiom in bankruptcy problems and propose arguments in favor of an alternative definition of a reduced problem. The classical definition updates the size of the estate while keeping agents’ claims unaffected. Instead, we suggest updating agents’ claims along with the estate. The resulting consistency axiom characterizes the well-known Random Arrival rule as the uniqu...
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In this paper we characterize the set of rules satisfying additivity on the estate along with additivity on the estate and the claims in bankruptcy problems and other related problems. Moreover, new characterizations of the well known rules based on the principles of “equal award”, “equal loss”, and “proportionality” are provided using these additivity properties.
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o compelling justification for democracy is that public officials can be held accountable. elected representatives who betray the public trust by extracting excessive rents are vulnerable to electoral retribution with loss of office. Perhaps surprisingly, however, evidence from a variety of countries documents that elected officials who are charged with or convicted of criminal wrongdoing are t...
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This paper analyzes bankruptcy problems with nontransferable utility as a generalization of bankruptcy problems with monetary estate and claims. Following the classical axiomatic theory of bankruptcy, we formulate some appropriate properties for NTU-bankruptcy rules and study their implications. We explore duality of bankruptcy rules and we derive several characterizations of the generalized pr...
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The solution for the Contested Garment Problemproposed in the Babylonic Talmud, one of the most important sources of inspiration for solving situations where demand overcomes supply of some resources, suggests that each agent should receive at least some part of the available amount when facing these situations. This idea has underlied the theoretical analysis of bankruptcy problems from its ...
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ژورنال
عنوان ژورنال: Actual Problems of Russian Law
سال: 2021
ISSN: 1994-1471
DOI: 10.17803/1994-1471.2021.122.1.120-127