-claimant case, Concede-and-Divide is the only rule that satis?es both axioms when the axioms are de?ned over a large set of lower …

, Concede-and-Divide is the only rule that satisfies both axioms when the axioms are defined over a large set of lower bounds …

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. …