A Concede-and-Divide Rule for Bankruptcy Problems

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

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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

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Keywords

  • Bankruptcy problems
  • concede-and-divide rule

Cite this

Quant, M., Borm, P. E. M., & Maaten, R. (2005). A Concede-and-Divide Rule for Bankruptcy Problems. (CentER Discussion Paper; Vol. 2005-20). Tilburg: Operations research.