The tal-family of rules for bankruptcy problems
Año de publicación: 2001
Número: 33
Tipo: Documento de Trabajo
Resumen
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.