Rationing in the presence of baselines

Jens Leth Hougaard; Juan D. Moreno-Ternero; Lars Peter Østerdal

doi:10.1007/s00355-012-0664-4

Rationing in the presence of baselines

Jens Leth Hougaard, Juan D. Moreno-Ternero, Lars Peter Østerdal

Sektion for Produktion, Markeder og Politik

18 Citationer (Scopus)

Abstract

We analyze a general model of rationing in which agents have baselines, in addition to claims against the (insufficient) endowment of the good to be allocated. Many real-life problems fit this general model (e.g., bankruptcy with prioritized claims,
resource allocation in the public health care sector, water distribution in drought periods). We introduce (and characterize) a natural class of allocation methods for this model. Any method within the class is associated with a rule in the standard rationing model, and we show that if the latter obeys some focal properties, the former obeys them too.

Originalsprog	Engelsk
Tidsskrift	Social Choice and Welfare
Vol/bind	40
Udgave nummer	4
Sider (fra-til)	1047-1066
Antal sider	20
ISSN	0176-1714
DOI	https://doi.org/10.1007/s00355-012-0664-4
Status	Udgivet - apr. 2013

Adgang til dokumentet

10.1007/s00355-012-0664-4

Citationsformater

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AU - Hougaard, Jens Leth

AU - Moreno-Ternero, Juan D.

AU - Østerdal, Lars Peter

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PY - 2013/4

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N2 - We analyze a general model of rationing in which agents have baselines, in addition to claims against the (insufficient) endowment of the good to be allocated. Many real-life problems fit this general model (e.g., bankruptcy with prioritized claims, resource allocation in the public health care sector, water distribution in drought periods). We introduce (and characterize) a natural class of allocation methods for this model. Any method within the class is associated with a rule in the standard rationing model, and we show that if the latter obeys some focal properties, the former obeys them too.

AB - We analyze a general model of rationing in which agents have baselines, in addition to claims against the (insufficient) endowment of the good to be allocated. Many real-life problems fit this general model (e.g., bankruptcy with prioritized claims, resource allocation in the public health care sector, water distribution in drought periods). We introduce (and characterize) a natural class of allocation methods for this model. Any method within the class is associated with a rule in the standard rationing model, and we show that if the latter obeys some focal properties, the former obeys them too.

U2 - 10.1007/s00355-012-0664-4

DO - 10.1007/s00355-012-0664-4

M3 - Journal article

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