A Concede-and-Divide Rule for Bankruptcy Problems

M. Quant, P.E.M. Borm, R. Maaten

Research output: Working paperDiscussion paperOther research output

Abstract

The concede-and-divide rule is a basic solution for bankruptcy problems with two claimants.An extension of the concede-and-divide rule to bankruptcy problems with more than two claimants is provided.This extension not only uses the concede-and-divide principle in its procedural definition, but also preserves the main properties of the concede-and-divide rule.
Original languageEnglish
Place of PublicationTilburg
PublisherOperations research
Number of pages10
Volume2005-20
Publication statusPublished - 2005

Publication series

NameCentER Discussion Paper
Volume2005-20

Keywords

  • Bankruptcy problems
  • concede-and-divide rule

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