TY - JOUR
T1 - Rationing with baselines
T2 - the composition extension operator
AU - Hougaard, Jens Leth
AU - Moreno-Ternero, Juan D.
AU - Østerdal, Lars Peter Raahave
PY - 2013/12
Y1 - 2013/12
N2 - We introduce a new operator for general rationing problems in which, besides conflicting claims, individual baselines play an important role in the rationing process. The operator builds onto ideas of composition, which are not only frequent in rationing, but also in related problems such as bargaining, choice, and queuing. We characterize the operator and show how it preserves some standard axioms in the literature on rationing. We also relate it to recent contributions in such literature.
AB - We introduce a new operator for general rationing problems in which, besides conflicting claims, individual baselines play an important role in the rationing process. The operator builds onto ideas of composition, which are not only frequent in rationing, but also in related problems such as bargaining, choice, and queuing. We characterize the operator and show how it preserves some standard axioms in the literature on rationing. We also relate it to recent contributions in such literature.
U2 - 10.1007/s10479-013-1471-8
DO - 10.1007/s10479-013-1471-8
M3 - Journal article
SN - 0254-5330
VL - 211
SP - 179
EP - 191
JO - Annals of Operations Research
JF - Annals of Operations Research
IS - 1
ER -