The reverse TAL-family of rules for bankruptcy problems

The reverse TAL-family of rules for bankruptcy problems

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Article ID: iaor20172748
Volume: 254
Issue: 1
Start Page Number: 449
End Page Number: 465
Publication Date: Jul 2017
Journal: Annals of Operations Research
Authors: ,
Keywords: investment, finance & banking, economics, government
Abstract:

This paper analyzes a family of rules for bankruptcy problems that generalizes the so‐called reverse Talmud rule and encompasses both the constrained equal‐awards rule and the constrained equal‐losses rule. The family, introduced by van den Brink et al. (Eur J Oper Res 228:413–417, 2013), is a counterpart to the so‐called TAL‐family of rules, introduced and studied by Moreno‐Ternero and Villar (Soc Choice Welf 27:231–249, 2006a), and it is included within the so‐called CIC‐family of rules introduced by Thomson (Soc Choice Welf 31:667–692, 2008). We provide a systematic study of the structural properties of the rules within the family, as well as its connections with the existing related literature.

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