- Authors:
-
-
Hougaard, Jens Leth
;
Close
0000-0002-2910-5741
Section for Production, Markets and Policy, Department of Food and Resource Economics, Faculty of Science, Københavns Universitet - Moreno-Ternero, Juan D. ;
- Østerdal, Lars Peter
-
Hougaard, Jens Leth
;
- 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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