When a rm goes bankrupt how should its liquidation value be divided among its creditors This essay is an introduction to the lit erature devoted to the formal analysis of such problems We present theâ€¦ (More)

Consider a heterogeneous but divisible commodity, bundles of which are represented by the (measurable) subsets of the good. One such commodity might be land. The mathematics literature has consideredâ€¦ (More)

We define two families of rules to adjudicate conflicting claims. The first family contains the constrained equal awards, constrained equal losses, Talmud, and minimal overlap rules. The secondâ€¦ (More)

We investigate the existence of rules for the adjudication of conflicting claims satisfying â€˜group order preservationâ€™: given two groups of claimants, suppose that the sum of the claims of theâ€¦ (More)

JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology andâ€¦ (More)

A group of agents have claims on a resource, but there is not enough of it to honor all of the claims. How should it be divided? A group of agents decide to undertake a public project that they canâ€¦ (More)

We consider the problem of dividing a non-homogeneous onedimensional continuum whose endpoints are topologically identified. Examples are the division of a birthday cake, the partition of a circularâ€¦ (More)

We study the behavior of rules for the adjudication of conflicting claims when there are a large number of claimants with small claims. We model such situations by replicating some basic problem. Weâ€¦ (More)