A Talmudic Approach to Bankruptcy Problems [chapter]

Juan D. Moreno-Ternero
2017 Contributions to Management Science  
Bankruptcy problems arise when agents hold claims against a certain (perfectly divisible) good, and the available amount is not enough to satisfy them all. A great source of inspiration to solve these problems emanates from the Talmud. We survey classical and recent contributions to the literature that constitute this Talmudic approach to bankruptcy problems. JEL numbers: D63.
doi:10.1007/978-3-319-61603-2_12 fatcat:pndc42hhuzbcnbjoxsi5eqbcgu