Rationing in the presence of baselines

Jens Hougaard (), Juan Moreno-Ternero and Lars Peter Østerdal

No 8/2012, Discussion Papers on Economics from University of Southern Denmark, Department of Economics

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.

Keywords: Rationing; baselines; claims; operators; solidarity (search for similar items in EconPapers)
JEL-codes: D63 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2012-03-12
New Economics Papers: this item is included in nep-mic
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Rationing in the presence of baselines (2013)
Working Paper: Rationing in the presence of baselines (2013)
Working Paper: Rationing in the presence of baselines (2012)
Working Paper: Baseline Rationing (2010)
Working Paper: Baseline Rationing (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:hhs:sdueko:2012_008

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