Characterization of the Reverse Talmud bankruptcy rule by Exemption and Exclusion properties

René Van Den Brink, Yukihiko Funaki, Gerard Van Der Laan

研究成果: Article

6 引用 (Scopus)

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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.

元の言語English
ページ(範囲)413-417
ページ数5
ジャーナルEuropean Journal of Operational Research
228
発行部数2
DOI
出版物ステータスPublished - 2013 7 16

ASJC Scopus subject areas

  • Computer Science(all)
  • Modelling and Simulation
  • Management Science and Operations Research
  • Information Systems and Management

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