Generalized Bankruptcy Problem

Bankruptcy Prediction by Generalized Additive Models

We compare several accounting based models for bankruptcy prediction. The models are developed and tested on large data sets containing annual financial statements for Norwegian limited liability firms. Out-of-sample and out-of-time validation shows that generalized additive models significantly outperform popular models like linear discriminant analysis, generalized linear models and neural ne...

On Vector Equilibrium Problem with Generalized Pseudomonotonicity

In this paper, first a short history of the notion of equilibrium problem in Economics and Nash$acute{'}$ game theory is stated. Also the relationship between equilibrium problem among important mathematical problems like optimization problem, nonlinear programming, variational inequality problem, fixed point problem and complementarity problem is given. The concept of generalized pseudomonoton...

Restoring a Fish Stock: A Dynamic Bankruptcy Problem

Total Allowable Catch (TAC)-regulating schemes have been introduced in most fisheries. TAC distribution following the Proportional Rule, based on historical catches, implies that harvesters or vessel groups that have captured more in the past and contributed to overfishing are getting larger quotas than groups that have contributed less to overfishing. In contrast to this rule, a more egalitari...

A Simulation on the Bankruptcy Problem As A Convex Game

There are a large number of contributions to the bankruptcy problem (cf. the references in Curiel et al. (1987) and Thomson (2002)). This paper examines this problem from the game-theoretic viewpoint in the context of coalitional game. Suppose that a person dies with property left and the property is valued $P. Furthermore, he (or she) owes to n persons with the total debt, valued $D. When P<D,...

Weighted bankruptcy rules and the museum pass problem