D 2021

Bankruptcy Problem Under Uncertainty of Claims and Estate

RAMÍK, Jaroslav and Milan VLACH

Basic information

Original name

Bankruptcy Problem Under Uncertainty of Claims and Estate

Name in Czech

Problém bankrotu v podmínkách neurčitosti požadavků a majetku

Authors

RAMÍK, Jaroslav and Milan VLACH

Edition

1. vyd. Praha, Czech Republic, p. 411-416, 6 pp. 2021

Publisher

Czech University of Life Sciences Prague

Other information

Language

English

Type of outcome

Stať ve sborníku

Field of Study

50200 5.2 Economics and Business

Country of publisher

Czech Republic

Confidentiality degree

není předmětem státního či obchodního tajemství

Publication form

electronic version available online

Organization unit

School of Business Administration in Karvina

ISBN

978-80-213-3126-6

Keywords in English

bankruptcy problem, bankruptcy rule, interval claims and estate

Tags

International impact, Reviewed

Links

GA21-03085S, research and development project.
Změněno: 5/1/2022 11:50, prof. RNDr. Jaroslav Ramík, CSc.

Abstract

V originále

In this paper we focus on real situations where certain perfectly divisible estate has to be divided among claimants who can merely indicate the range of their claims, and the available amount is smaller than the aggregated claim. Funds’ allocation of a firm among its divisions, taxation problems, priority problems, distribution of costs of a joint project among the agents involved, various disputes including those generated by inheritance, or by cooperation in joint projects based on restricted willingness to pay, fit into this framework. The corresponding claim of each claimant can vary within a closed interval. For claims and/or estate, intervals are applied whenever the claimants can distinguish the possibility of attaining the amount of estate. Here, a probability interpretation can also be considered, e.g. in taxation problems. We classify the division problems under uncertainty of claims and/or estate and present basic division scheme, which is consistent with the classical bankruptcy proportional rule. Several examples are presented to illustrating particular problems and solution concepts.