RAMÍK, Jaroslav and Milan VLACH. Bankruptcy Problem Under Uncertainty of Claims and Estate. Online. 1st ed. Praha, Czech Republic,: Czech University of Life Sciences Prague, 2021, p. 411-416. ISBN 978-80-213-3126-6.
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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
Original language English
Type of outcome Proceedings paper
Field of Study 50200 5.2 Economics and Business
Country of publisher Czech Republic
Confidentiality degree is not subject to a state or trade secret
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.
Changed by Changed by: prof. RNDr. Jaroslav Ramík, CSc., učo 48844. Changed: 5/1/2022 11:50.
Abstract
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.
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