Generalized rationing problems and solutions

Pere Timoner Lledó () and Josep Maria Izquierdo Aznar ()
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Pere Timoner Lledó: Universitat de Barcelona
Josep Maria Izquierdo Aznar: Universitat de Barcelona

No 2015/329, UB School of Economics Working Papers from University of Barcelona School of Economics

Abstract: An extension of the standard rationing model is introduced. Agents are not only identified by their respective claims on some amount of a scarce resource, but also by some exogenous ex-ante conditions (initial stock of resource or net worth of agents, for instance), different from claims. Within this framework, we define a generalization of the constrained equal awards rule. We provide two different characterizations of this generalized rule. Finally, we use the corresponding dual properties to characterize a generalization of the constrained equal losses rule

Keywords: Rationing; Equal awards rule; Equal losses rule; Ex-ante conditions; Claims problema. (search for similar items in EconPapers)
JEL-codes: D63 (search for similar items in EconPapers)
Pages: 37 pages
Date: 2015
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Citations: View citations in EconPapers (1)

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