Rationing in the presence of baselines

Publikation: Bidrag til tidsskriftTidsskriftartikelForskningfagfællebedømt

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.
OriginalsprogEngelsk
TidsskriftSocial Choice and Welfare
Vol/bind40
Udgave nummer4
Sider (fra-til)1047-1066
Antal sider20
ISSN0176-1714
DOI
StatusUdgivet - 2013

Bibliografisk note

Published online 5 April 2012

ID: 38252575