Parametric rationing with uncertain needs
Yan Long () and
Jingyi Xue ()
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Yan Long: Huazhong University of Science and Technology
Jingyi Xue: School of Economics, Singapore Management University
No 20-2019, Economics and Statistics Working Papers from Singapore Management University, School of Economics
We study resource allocation in the face of uncertain needs. We extend Young (1987)’s parametric rules to the uncertain context. We re-establish the axiomatic char-acterization of parametric rules and show the optimality of the rules.
Pages: 13 pages
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Persistent link: https://EconPapers.repec.org/RePEc:ris:smuesw:2019_020
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