Resource allocation and Contract Resolution in the Spanish Bankruptcy System

نویسنده

  • Stefan van Hemmen
چکیده

I would like to thank the comments by the seminar participants at Autonomous University of Barcelona, III BBV Financial Economics Conference (Bilbao) and X Conference ACEDE 2000 (Oviedo), for their useful comments. The ECASS at University of Essex (UK) and PB97-0185-C03-01 sponsored this study with their resources. This study has been supervised by Doctor Antoni Serra Ramoneda and Doctor Vicente Salas Fumás. Acknowledgement also goes to the ECASS and Mercantile Registry of Barcelona people for their support and assistance. I would also like to thank Fernando Cerdà, Alvaro Espina, Jorge Padilla and Alejandro Requejo, who significantly helped to enhance the quality of this work.

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Obtaining a possible allocation in the bankruptcy model using the Shapley value

Data envelopment analysis (DEA) is an effective tool for supporting decision-makers to assess bankruptcy, uncertainty concepts including intervals, and game theory. The bankruptcy problem with the qualitative parameters is an economic problem under uncertainty. Accordingly, we combine the concepts of the DEA game theory and uncertain models as interval linear programming (ILP), which can be app...

متن کامل

The Design of Corporate Debt Structure and Bankruptcy∗

This paper integrates the problem of designing corporate bankruptcy rules into a theory of optimal debt structure. We show that, in an optimal contracting framework with imperfect renegotiation, having multiple creditors increases a firm’s debt capacity while increasing its incentives to default strategically. The optimal debt contract gives creditors claims that are jointly inconsistent in cas...

متن کامل

Coordinating a Seller-Buyer Supply Chain with a Proper Allocation of Chain’s Surplus Profit Using a General Side-Payment Contract

In this paper, seller-buyer supply chain coordination with general side-payment contracts is introduced to gain the maximum possible chain profit. In our model, the logistics costs for both buyer and seller are considered and the final demand is also supposed to be a decreasing function of the retail price. Since parties aim to maximize their individual profits, the contractual parameters are s...

متن کامل

Employing a Multi-Criteria Approach under Bankruptcy Conditions for Optimal Allocation of Shared Water Resources through Using Asymmetric Nash Bargaining Method

Management based on the flexibility, fairness, and sustainability characteristics of water resources may play a key role in preventing the continuation of the crisis process as well as reducing water users’ conflict. In the present research, the framework for the optimal allocation of shared water resources was presented using a combination of bankruptcy concepts and asymmetric Nash bargaining....

متن کامل

Application of the Bankruptcy Theory and Conflicting Claims on Water Resources Allocation of Zayanderud

Solving the Water conflict and optimal allocation of common water resources are the most important service of cooperative game theory to water economics. Zayandehrud basin is the most important disputed basin in several neighboring provinces in the first class basin of Iran's central plateau. The purpose of this research is to use the game theory with application of Bankruptcy approach (conflic...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

عنوان ژورنال:

دوره   شماره 

صفحات  -

تاریخ انتشار 2001