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.
|Place of Publication||Tilburg|
|Number of pages||10|
|Publication status||Published - 2005|
|Name||CentER Discussion Paper|
- Bankruptcy problems
- concede-and-divide rule