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Rationing in the presence of baselines

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Authors:
  • Hougaard, Jens Leth ;
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    Orcid logo0000-0002-2910-5741
    Section for Production, Markets and Policy, Department of Food and Resource Economics, Faculty of Science, Københavns Universitet
  • Moreno-Ternero, Juan D. ;
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    Universidad Pablo de Olavide
  • Østerdal, Lars Peter
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    Syddansk Universitet
DOI:
10.1007/s00355-012-0664-4
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.
Type:
Journal article
Language:
English
Published in:
Social Choice and Welfare, 2013, Vol 40, Issue 4, p. 1047-1066
Main Research Area:
Science/technology
Publication Status:
Published
Review type:
Peer Review
Submission year:
2013
Scientific Level:
Scientific
ID:
239881197

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