Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/108227
Authors: 
Fleiner, Tamás
Sziklai, Balázs
Year of Publication: 
2011
Series/Report no.: 
IEHAS Discussion Papers MT-DP - 2011/23
Abstract: 
We offer a new approach to the well-known bankruptcy problem based on Kaminski's idea. With the help of hydraulic rationing we give a proof to Aumann and Maschlers theorem i.e. the consistent solution of a bankruptcy problem is the nucleolus of the corresponding game. We use a system of vessels and water and the principles of mechanics to show this fact. The proof is not just simple and demonstrative but also provides an insight how the nucleolus is constructed in such games.
Subjects: 
bankruptcy problem
nucleolus
hydraulic rationing
JEL: 
C71
ISBN: 
978-615-5024-59-7
Document Type: 
Working Paper

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