Uniqueness of Clearing Payment Matrices in Financial Networks – by Péter Csóka – P. Jean-Jacques Herings
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Uniqueness of Clearing Payment Matrices in Financial Networks Péter Csóka – P. Jean-Jacques Herings Mathematics of Operations Research – Published Online:16 Mar 2023 Abstract We study bankruptcy problems in financial networks in the presence of general bankruptcy laws. The set of clearing payment matrices is shown to be a lattice, which guarantees the existence […]