Rationing in the Presence of Baselines

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

doi:10.1007/s00355-012-0664-4

Rationing in the Presence of Baselines

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

Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › peer review

Abstract

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.

Originalsprog	Engelsk
Tidsskrift	Social Choice and Welfare
Vol/bind	40
Udgave nummer	4
Sider (fra-til)	1047-1066
ISSN	0176-1714
DOI	https://doi.org/10.1007/s00355-012-0664-4
Status	Udgivet - 2013
Udgivet eksternt	Ja

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AU - Østerdal, Lars Peter

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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.

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