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Persistent link: https://www.econbiz.de/10010128363
We propose and axiomatically analyze a class of rational solutions to simple allocation problems where a policy-maker allocates an endowment <InlineEquation ID="IEq1"> <EquationSource Format="TEX">$$E$$</EquationSource> </InlineEquation> among <InlineEquation ID="IEq2"> <EquationSource Format="TEX">$$n$$</EquationSource> </InlineEquation> agents described by a characteristic vector c. We propose a class of recursive rules which mimic a decision process where the...</equationsource></inlineequation></equationsource></inlineequation>
Persistent link: https://www.econbiz.de/10010988767