THE TAL-FAMILY OF RULES FOR BANKRUPTCY PROBLEMS

Antonio Villar and Juan D. Moreno Ternero
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Juan D. Moreno Ternero: Yale University
Authors registered in the RePEc Author Service: Juan D. Moreno-Ternero

Working Papers. Serie AD from Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie)

Abstract: This paper analyzes a family of solutions to bankruptcy problems that generalizes the Talmud rule (T) and encompasses both the constrained equal-awards rule (A) and the constrained equal-losses rule (L). We study the structural properties of this family of rules and provide a characterization result. That allows us to identify the distinctive features of these three reference rules, T, A, L.

Keywords: Bankruptcy problems; TAL-Family; Characterization result (search for similar items in EconPapers)
Pages: 31 pages
Date: 2001-12
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Citations: View citations in EconPapers (6)

Published by Ivie

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http://www.ivie.es/downloads/docs/wpasad/wpasad-2001-33.pdf Fisrt version / Primera version, 2001 (application/pdf)

Related works:
Journal Article: The TAL-Family of Rules for Bankruptcy Problems (2006)
Working Paper: The TAL-family or rules for bankruptcy problems (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:ivi:wpasad:2001-33

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