19 October 2006, Computational Social Choice Seminar, Arantza Estévez-Fernández
When a company goes bankrupt, how should the liquidation value be divided among the creditors? This is an overview of different approaches to this kind of problems. We will talk about several well known rules and some associated properties. Next, we will analyze the problem from a game theoretical point of view. Finally, we will discuss the passepartout problem as a real life application of bankruptcy problems. In a passepartout system, a group of service providers offers a passepartout that allows its owners the use of their services an unlimited number of times during a fixed period of time. The problem we address is how to share the total joint revenues of this passepartout among the providers. Arguments are provided to model this problem within the framework of bankruptcy.