Detailed Information on Publication Record
2021
Bankruptcy Problem Under Uncertainty of Claims and Estate
RAMÍK, Jaroslav and Milan VLACHBasic 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.