The three musketeers: four classical solutions to bankruptcy problems
- Herrero Blanco, Carmen
- Villar, Antonio
Année de publication: 2000
Número: 23
Type: Working Paper
Résumé
This paper provides a comparative analysis of some classical solutions to bankruptcy problems from an axiomatic viewpoint. These rules are the constrained equal-awards rule, the constrained equal-losses rule, the proportional rule and the Talmud rule. The purpose of this study is to facilitate the understanding of their differences and to clarify the type of situations in which each of these rules is better.