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A Concede-and-Divide Rule for Bankruptcy Problems

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
Year of publication:
2005
Authors: Quant, Marieke ; Borm, Peter ; Maaten, Rogier
Publisher: [S.l.] : SSRN
Subject: Insolvenz | Insolvency | Theorie | Theory
freely available
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