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

Abstract: 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
Date: 2019-10-06
New Economics Papers: this item is included in nep-sea
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