The minimal overlap rule revisited |
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| Authors: | José Alcalde María del Carmen Marco José A Silva |
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| Institution: | (1) IUDESP and Dep. Fonaments de l’Anàlisi Econòmica, University of Alicante, 03071 Alicante, Spain;(2) Dep. de Economía, Polytechnic University of Cartagena, Paseo Alfonso XIII, 50, 30203 Cartagena, Murcia, Spain |
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| Abstract: | This paper provides an analysis of the Minimal Overlap Rule, a solution for bankruptcy problems introduced by O’Neill (1982). We point out that this rule can be understood as a composition
of Ibn Ezra’s proposal and the recommendation given by the Constrained Equal Loss Rule. Following an interpretation of bankruptcy problems in terms of TU games, we show that the Minimal Overlap Value is the unique solution for bankruptcy games which satisfies Anonymity and Core Transition Responsiveness. |
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