Rationing in the Presence of Baselines

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

Publikation: Bidrag til tidsskriftTidsskriftartikelForskningpeer review

Resumé

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
ISSN0176-1714
DOI
StatusUdgivet - 2013
Udgivet eksterntJa

Citer dette

Hougaard, Jens Leth ; Moreno-Ternero, Juan D. ; Østerdal, Lars Peter. / Rationing in the Presence of Baselines. I: Social Choice and Welfare. 2013 ; Bind 40, Nr. 4. s. 1047-1066.
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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 tidsskriftTidsskriftartikelForskningpeer review

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