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

Research output: Contribution to journal › Journal article › Research › 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.

Original language	English
Journal	Social Choice and Welfare
Volume	40
Issue number	4
Pages (from-to)	1047-1066
ISSN	0176-1714
DOIs	https://doi.org/10.1007/s00355-012-0664-4
Publication status	Published - 2013
Externally published	Yes

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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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