The tal-family of rules for bankruptcy problems

  1. Moreno-Ternero, Juan D.
  2. Villar, Antonio
Zeitschrift:
Working papers = Documentos de trabajo: Serie AD

Datum der Publikation: 2001

Nummer: 33

Art: Arbeitsdokument

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Zusammenfassung

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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