In this paper, by using the game theory toolbox, we demonstrate that relative proportional compensation is better than other types of compensation, mainly maximin and equal compensation. By considering Phelps' curve, the best disagreement point (BATNA) and the gains of negotiation, we examine...

We examine ibn Ezra's procedure (Rabinovitch 1973; O'Neill 1982) historically used to solve the Rights Arbitration problem in the general framework of bankruptcy problems. When the greatest claim is larger than or equal to the estate, the procedure is a maximal game (Aumann 2010). However, when the...

We examine the Talmudic three wives problem, which is a generalization of the Talmudic contested garment problem solved by Aumann and Maschler (1985) using coalitional procedure. This problem has many practical applications. In an attempt to unify all Talmudic methods, Guiasu (2010, 2011)...