Weighted bankruptcy rules and the museum pass problem

In this paper we introduce and characterize some allocation rules for weighted bankruptcy problems. We illustrate the relevancy of weighted bankruptcy by applying it to analyse the museum pass problem, introduced by Ginsburgh and Zang (2003). This application is completed with the analysis of real data for the “Card Musei” of the Municipality of Genova.

► Characterization of four weighted rules for bankruptcy problems.
► Weighted allocation rules allow accounting other parameters apart from the claims.
► Museum pass problem is modelled as a weighted bankruptcy problem.
► Application of the rules to the real-world situation of Musei Card of Genova.
► Comments on axioms and insights for the managers are provided.