Rationing in the presence of baselines

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

Social Choice and Welfare, 2013, vol. 40, issue 4, 1047-1066

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. Copyright Springer-Verlag 2013

Date: 2013
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Working Paper: Rationing in the presence of baselines (2013)
Working Paper: Rationing in the presence of baselines (2012)
Working Paper: Rationing in the presence of baselines (2012)
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DOI: 10.1007/s00355-012-0664-4

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