Rationing in the presence of baselines
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. Copyright Springer-Verlag 2013
Year of publication: |
2013
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Authors: | Hougaard, Jens ; Moreno-Ternero, Juan ; Ă˜sterdal, Lars |
Published in: |
Social Choice and Welfare. - Springer. - Vol. 40.2013, 4, p. 1047-1066
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Publisher: |
Springer |
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