Rationing with Baselines: The Composition Extension Operator

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

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Abstrakt

We introduce a new operator for general rationing problems in which, besides conflicting claims, individual baselines play an important role in the rationing process. The operator builds onto ideas of composition, which are not only frequent in rationing, but also in related problems such as bargaining, choice, and queuing. We characterize the operator and show how it preserves some standard axioms in the literature on rationing. We also relate it to recent contributions in such literature.
OriginalsprogEngelsk
TidsskriftAnnals of Operations Research
Vol/bind211
Udgave nummer1
Sider (fra-til)179-191
ISSN0254-5330
DOI
StatusUdgivet - 2013
Udgivet eksterntJa

Emneord

  • Rationing
  • Baselines
  • Claims
  • Operator
  • Composition

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