Abstract
The Reverse Talmud rule for bankruptcy problems applies the Constrained Equal Awards rule (CEA rule) for 'large' amounts of the estate, while it applies the Constrained Equal Losses rule (CEL rule) for 'small' amounts of the estate. The CEA rule, respectively CEL rule, can be axiomatized using the Exemption and Exclusion properties respectively. There is no rule that satisfies both these two properties. In this paper we axiomatize the Reverse Talmud rule by using compatible weaker versions of the Exemption and Exclusion properties.
| Original language | English |
|---|---|
| Pages (from-to) | 413-417 |
| Number of pages | 5 |
| Journal | European Journal of Operational Research |
| Volume | 228 |
| Issue number | 2 |
| DOIs | |
| Publication status | Published - 2013 Jul 16 |
Keywords
- Bankruptcy rules
- Decision support systems
- Economics
- Exclusion
- Exemption
- Game theory
ASJC Scopus subject areas
- Computer Science(all)
- Modelling and Simulation
- Management Science and Operations Research
- Information Systems and Management
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Cite this
Van Den Brink, R., Funaki, Y., & Van Der Laan, G. (2013). Characterization of the Reverse Talmud bankruptcy rule by Exemption and Exclusion properties. European Journal of Operational Research, 228(2), 413-417. https://doi.org/10.1016/j.ejor.2013.01.052