Rationing in the Presence of Baselines

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

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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.
TidsskriftSocial Choice and Welfare
Udgave nummer4
Sider (fra-til)1047-1066
StatusUdgivet - 2013
Udgivet eksterntJa