**Practice With Bankruptcy Methods**

Prepared by:

Joseph Malkevitch

Department of Mathematics

York College (CUNY)

Jamaica, New York 11451

email:

__malkevitch@york.cuny.edu__

web page:

__http://york.cuny.edu/~malk__

1. For the following bankruptcy situations with 2 claimants, find:

a. The Maimonides (gain) solution

b. The Maimonides loss solution

c. The Shapley value solution

d. The proportional solution

e. The contested garment solution

i. E = 120; A claims 150; B claims 90

ii. E = 210; A claims 150; B claims 90

iii. E = 100; A claims 150; B claims 90

(For a. and b. draw appropriate fluid diagrams to help you with the solution.)

2. For the following bankruptcy situations with 3 claimants, find:

a. The Maimonides (gain) solution

b. The Maimonides loss solution

c. The Shapley value solution

e. The proportional solution

e. The "Talmudic" solution

(For a. and b. draw appropriate fluid diagrams to help you with the solution.)

i. E = 210; A claims 120; B claims 90; C claims 60.

ii. E = 240; A claims 120; B claims 90; C claims 60