Template-Type: ReDIF-Paper 1.0
Series: Tinbergen Institute Discussion Papers
Creation-Date: 2016-12-08
Number: 16-108/II
Author-Name: René van den Brink
Author-Workplace-Name: VU University Amsterdam, The Netherlands
Author-Name: Juan D. Moreno-Ternero
Author-Workplace-Name: Universidad Pablo de Olavide, Spain, and Université Catholique de Louvain, Belgium
Title: The Reverse TAL-family of Rules for Bankruptcy Problems
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.
Classification-JEL: D63
Keywords: Bankruptcy problems, Reverse TAL-family, Reverse Talmud rule, Equal awards, Equal losses
File-Url: https://papers.tinbergen.nl/16108.pdf
File-Format: application/pdf
File-Size: 368569 bytes
Handle: RePEc:tin:wpaper:20160108