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We introduce a new solution for bankruptcy problems that satisfies weaker versions of the Exemption en Exclusion properties from the literature. Although the principles of Exclusion and Exemption are appealing, the specific conditions under which an agent receives its claim, respectively...
Persistent link: https://www.econbiz.de/10011374415
This paper analyzes a family of rules for bankruptcy problems that generalizes the socalled 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...
Persistent link: https://www.econbiz.de/10011569150
Persistent link: https://www.econbiz.de/10011711774