The proportional rule for Bankrupt problems: Two axiomatizations
DOI:
https://doi.org/10.5377/recsp.v2i2.9296Keywords:
Bankruptcy problems, Convexity axiom, Proportional ruleAbstract
The principle of proportionality is one of the oldest forms of distribution in the literature of distribution problems. In this article two characterizations of the proportional rule are given: one as the only function that satisfies the axioms of additivity, invariance of scale, equity and convexity; and the other characterization uses the axioms of equal treatment to equals and convexity.
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