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The TAL-family or rules for bankruptcy problems

Author

Listed:
  • MORENO-TERNERO, Juan D.
  • VILLAR, Antonio

Abstract

This 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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Suggested Citation

  • MORENO-TERNERO, Juan D. & VILLAR, Antonio, 2006. "The TAL-family or rules for bankruptcy problems," LIDAM Reprints CORE 1897, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  • Handle: RePEc:cor:louvrp:1897
    DOI: 10.1007/s00355-006-0121-3
    Note: In : Social Choice Welfare, 27, 231-249, 2006
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