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: | Brink Ren, Moreno-Ternero Juan |
Keywords: | investment, finance & banking, economics, government |
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.