Rationing in the presence of baselines

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

No 12.04, Working Papers from Universidad Pablo de Olavide, 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: 23 pages
Date: 2012-09
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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http://www.upo.es/serv/bib/wps/econ1204.pdf First version, 2012 (application/pdf)

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:pab:wpaper:12.04

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