The Reverse TAL-Family of Rules for Bankruptcy Problems

Tinbergen Institute Discussion Paper 16-108/II

26 Pages Posted: 8 Dec 2016

See all articles by Rene van den Brink

Rene van den Brink

Vrije Universiteit Amsterdam, School of Business and Economics

Juan D. Moreno Ternero

Universidad Pablo de Olavide

Date Written: December 7, 2016

Abstract

This paper analyzes a family of rules for bankruptcy problems that generalizes the so-called reverse Talmud rule and encompasses both the constrained equal-awards rule and the constrained equal-losses rule. The family, introduced by van den Brink et al., [Characterization of the reverse Talmud bankruptcy rule by exemption and exclusion properties, European Journal of Operational Research 228 (2013), 413-417], is a counterpart to the so-called TAL-family of rules, introduced and studied by Moreno-Ternero and Villar [The TAL-family of rules for bankruptcy problems, Social Choice and Welfare 27 (2006) 231-249], and it is included within the so-called CIC-family of rules introduced by Thomson [Two families of rules for the adjudication of conflicting claims, Social Choice and Welfare 31 (2008) 667-692]. We provide a systematic study of the structural properties of the rules within the family, as well as its connections with the existing related literature.

Keywords: Bankruptcy problems, reverse TAL-family, reverse Talmud rule, Equal awards, Equal losses

JEL Classification: D63

Suggested Citation

van den Brink, Rene and Moreno-Ternero, Juan D., The Reverse TAL-Family of Rules for Bankruptcy Problems (December 7, 2016). Tinbergen Institute Discussion Paper 16-108/II, Available at SSRN: https://ssrn.com/abstract=2882672 or http://dx.doi.org/10.2139/ssrn.2882672

Rene Van den Brink (Contact Author)

Vrije Universiteit Amsterdam, School of Business and Economics ( email )

De Boelelaan 1105
Amsterdam, 1081HV
Netherlands

Juan D. Moreno-Ternero

Universidad Pablo de Olavide ( email )

Ctra. Utrera, Km.1
Sevilla, Seville 41010
Spain

HOME PAGE: http://https://sites.google.com/site/jmorenoternero/

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