Hougaard, Jens Leth4; Moreno-Ternero, Juan D.5; Østerdal, Lars Peter Raahave3
1 Section for Production, Markets and Policy, Department of Food and Resource Economics, Faculty of Science, Københavns Universitet2 Universidad Pablo de Olavide3 Institut for Virksomhedsledelse og Økonomi4 Section for Production, Markets and Policy, Department of Food and Resource Economics, Faculty of Science, Københavns Universitet5 Universidad Pablo de Olavide
the composition extension operator
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.
Annals of Operations Research, 2013, Vol 211, Issue 1, p. 179-191