Bankruptcy Problem from the Talmud Harvard Case Solution & Analysis

Describes the problems of bankruptcy, after treatment in a 2000-year Babylonian Talmud. A man dies, leaving the amount of debt that is more than the size of the real estate. Question: What should be the division of property between lenders? The case represents the Talmudic prescriptions for separation of three such estates. The problem of the real estate division then reinterpreted as a problem, as the number of partners involved in the project must divide the total cost of the project among them. Talmudic prescriptions for equal division of property value-added approach. (In particular, it is neither equal nor proportional division.) Analysis is used outside the context of the real estate division, as the cost sharing rethinking demonstrates. "Hide
by Adam Brandenburger, Harborne W. Stuart, Jr., Barry J. Nalebuff Source: Harvard Business School 2 pages. Publication Date: January 26, 1995. Prod. #: 795087-PDF-ENG

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