Two axiomatizations of the pairwise netting proportional rule in financial networks – new article by Péter Csóka and P. Jean-Jacques Herings
Two axiomatizations of the pairwise netting proportional rule in financial networks Péter Csóka – P. Jean-Jacques Herings European Journal of Operational Research – Available online 16 April 2025 Highlights We study a bankruptcy rule for financial networks using bilateral netting. Avoids specific types of defaults of the proportional rule. Axiomatized by net impartiality, invariance to mitosis […]
