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Juan D. Moreno-Ternero
''The proportional rule for multi-issue bankruptcy problems''
( 2009, Vol. 29 No.1 )
We investigate how to extend bankruptcy rules to the more general setting in which claims may refer to different issues. We consider two natural procedures and show that, among all bankruptcy rules, the proportional rule is the only one whose extensions according to the two procedures yield the same outcomes.
Keywords: Multi-issue bankruptcy problems, proportional rule, characterization result.
JEL: D6 - Welfare Economics: General
D7 - Social Choice
Manuscript Received : Feb 06 2009 Manuscript Accepted : Mar 27 2009

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