On priority in multi-issue bankruptcy problems with crossed claims

TL;DR

This paper extends classical priority and random arrival rules to multi-issue bankruptcy problems with crossed claims, introducing new constrained rules and analyzing their axiomatic properties.

Contribution

It introduces constrained sequential priority and random arrival rules for multi-issue bankruptcy problems with crossed claims, expanding existing allocation methods.

Findings

Proposed new constrained priority rules for complex resource allocation.

Extended classical rules to multi-issue scenarios with crossed claims.

Provided axiomatic characterization of the new rules.

Abstract

In this paper, we analyze the problem of how to adapt the concept of priority to situations where several perfectly divisible resources have to be allocated among certain set of agents that have exactly one claim which is used for all resources. In particular, we introduce constrained sequential priority rules and two constrained random arrival rules, which extend the classical sequential priority rules and the random arrival rule to these situations. Moreover, we provide an axiomatic analysis of these rules.