THE THREE MUSKETEERS: FOUR CLASSICAL SOLUTIONS TO BANKRUPTCY PROBLEMS
Antonio Villar () and
Carmen Herrero ()
Working Papers. Serie AD from Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie)
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.
Keywords: Bankruptcy problems; proportional solution; equal-awards solution (search for similar items in EconPapers)
JEL-codes: D63 (search for similar items in EconPapers)
Pages: 29 pages
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Published by Ivie
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http://www.ivie.es/downloads/docs/wpasad/wpasad-2000-23.pdf Fisrt version / Primera version, 2000 (application/pdf)
Journal Article: The three musketeers: four classical solutions to bankruptcy problems (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:ivi:wpasad:2000-23
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