Rationing: dynamic considerations, equivalent sacrifice and links between the two approaches

Thierry Marchant

Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium from Ghent University, Faculty of Economics and Business Administration

Abstract: Suppose a quantity t of a given resource is divided among two agents. If an additional quantity becomes available, how shall we share it among the agents ? By looking at the way we can share this increment (or decrement), it is possible to derive some existing rationing methods but also some new ones. Three new methods seem particularly interesting. They can also be derived following an Equivalent Sacrifice approach.

Pages: 24 pages
Date: 2004-05
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Citations: View citations in EconPapers (2)

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