The three musketeers: four classical solutions to bankruptcy problems

@article{Herrero2001TheTM,
  title={The three musketeers: four classical solutions to bankruptcy problems},
  author={Carmen Herrero and Antonio Villar},
  journal={Mathematical Social Sciences},
  year={2001},
  volume={42},
  pages={307-328}
}
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 di¤erences and to clarify the type of situations in which each of these rules is better. Key-words: Bankruptcy problems, proportional solution, equal-awards solution, equal… CONTINUE READING
Highly Influential
This paper has highly influenced 16 other papers. REVIEW HIGHLY INFLUENTIAL CITATIONS

From This Paper

Topics from this paper.

Citations

Publications citing this paper.
Showing 1-10 of 49 extracted citations

Characterizations of New and Classical Bankruptcy Rules ∗

Ricardo Mart́ınez
2008
View 5 Excerpts
Highly Influenced

Rationing problems with ex-ante conditions

Mathematical Social Sciences • 2016
View 5 Excerpts
Highly Influenced

A dynamic backoff approach to control the congestion in M2M communication over LTE networks

2015 Global Information Infrastructure and Networking Symposium (GIIS) • 2015
View 5 Excerpts
Highly Influenced

Generalized rationing problems and solutions

Pere Timoner Lledó, Josep Maria Izquierdo Aznar
2015
View 5 Excerpts
Highly Influenced

References

Publications referenced by this paper.
Showing 1-10 of 27 references

New characterizations of old bankruptcy rules

View 5 Excerpts
Highly Influenced

Distributive Justice in Taxation

P. Young
Journal of Economic Theory, • 1988
View 10 Excerpts
Highly Influenced

Priority Rules and Other Inequitable Rationing Methods, mimeo, Duke University

H. Moulin
1997
View 3 Excerpts
Highly Influenced

Equal Awards versus Equal Losses : Duality in Bankruptcy , mimeo

C. Herrero
2000
View 1 Excerpt

Equal Awards versus Equal Losses: Duality in Bankruptcy, mimeo, University of Alicante

C. Herrero
2000
View 1 Excerpt

Priority rules and other asymmetric rationing methods

H. Moulin
Econometrica • 2000

Constrained Egalitarianism: A New Solution for Claims Problems, mimeo, University of Rochester

Y. Chun, W. Thomson
1998

Similar Papers

Loading similar papers…