Notario, Antonio Villar; Ternero, Juan D. Moreno - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2001
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...