This paper analyzes a family of rules for bankruptcy problems that generalizes the Talmud rule (T) and encompasses both the constrained equal-awards rule (A) and the constrained equal-losses rule (L). The family is defined by means of a parameter that can be interpreted as a measure of the...

This paper provides a characterization of the classical Talmud rule for bankruptcy problems by means of a new property, called securement, that imposes a lower bound on the awards that agents obtain. This property stipulates that no agent holding a feasible claim will get less than one nth of...