The Tal-Family Of Rules For Bankruptcy Problems
AbstractThis paper analyzes a family of solutions to bankruptcy problems that generalizes the Talmud rule (T) and encompasses both the constrained equal-awards rule (A) and the constrained equal-losses rule (L). We study the structural properties of this family of rules and provide a characterization result. That allows us to identify the distinctive features of these three reference rules, T, A, L.
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Bibliographic InfoPaper provided by Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) in its series Working Papers. Serie AD with number 2001-33.
Length: 31 pages
Date of creation: Dec 2001
Date of revision:
Publication status: Published by Ivie
Bankruptcy problems; TAL-Family; Characterization result;
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