A Sequential Allocation Problem: The Asymptotic Distribution of Resources

António Osório

Group Decision and Negotiation, 2017, vol. 26, issue 2, No 5, 357-377

Abstract: Abstract In this paper, we consider a sequential allocation problem with n individuals. The first individual can consume any amount of a resource, leaving the remainder for the second individual, and so on. Motivated by the limitations associated with the cooperative or non-cooperative solutions, we propose a new approach from basic definitions of representativeness and equal treatment. The result is a unique asymptotic allocation rule for any number of individuals. We show that it satisfies a set of desirable properties.

Keywords: Sequential allocation rule; River sharing problem; Cooperative and non-cooperative games; Dictator and ultimatum games (search for similar items in EconPapers)
JEL-codes: C79 D63 D74 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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DOI: 10.1007/s10726-016-9489-3

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