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