The Tal-Family Of Rules For Bankruptcy Problems
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.
|Date of creation:||Dec 2001|
|Publication status:||Published by Ivie|
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- Moreno-Ternero, Juan D. & Villar, Antonio, 2004.
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- Juan de Dios Moreno Ternero & Antonio Villar Notario, 2003. "The Talmud Rule And The Securement Of Agents? Awards," Working Papers. Serie AD 2003-05, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
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- MORENO-TERNERO, Juan D. & VILLAR, Antonio, "undated". "New characterizations of a classical bankruptcy rule," CORE Discussion Papers RP 1926, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Carmen Herrero & Antonio Villar, 2002. "Sustainability in bankruptcy problems," TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer;Sociedad de Estadística e Investigación Operativa, vol. 10(2), pages 261-273, December.
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