Rationing in the presence of baselines
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Rationing in the presence of baselines. / Hougaard, Jens Leth; Moreno-Ternero, Juan D.; Østerdal, Lars Peter.
I: Social Choice and Welfare, Bind 40, Nr. 4, 2013, s. 1047-1066.Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
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TY - JOUR
T1 - Rationing in the presence of baselines
AU - Hougaard, Jens Leth
AU - Moreno-Ternero, Juan D.
AU - Østerdal, Lars Peter
N1 - Published online 5 April 2012
PY - 2013
Y1 - 2013
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
VL - 40
SP - 1047
EP - 1066
JO - Social Choice and Welfare
JF - Social Choice and Welfare
SN - 0176-1714
IS - 4
ER -
ID: 38252575