Remarks on the integer Talmud solution for integer bankruptcy problems

Remarks on the integer Talmud solution for integer bankruptcy problems

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Article ID: iaor20172932
Volume: 25
Issue: 1
Start Page Number: 127
End Page Number: 163
Publication Date: Apr 2017
Journal: TOP
Authors: ,
Keywords: investment, management
Abstract:

In Fragnelli et al. (TOP 22:892–933, 2014; TOP 24:88–130, 2016), we considered a bankruptcy problem with the additional constraint that the estate has to be assigned in integer unities, allowing for non‐integer claims; we dealt with the extension to our setting of the constrained equal losses solution and of the constrained equal awards solution. Here, we analyze the possibilities of extending the Talmud solution to the integer situation, starting from the existing approaches for the non‐integer case; some of these approaches are compatible with the non‐integer claims, but in order to comply with as much as possible of the approaches it is necessary to switch to integer claims.

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