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Axiomatic characterizations of the CEA solution for rationing problems

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  • Lahiri, Somdeb

Abstract

Situations abound in the real world, where aggregate demand for a commodity exceeds aggregate supply. When such situations of excess demand occur, what is required is some kind of rationing. The literature on rationing problems has an interesting origin in the Babylonian Talmud. The purpose of this paper is to characterize axiomatically and analyze the constrained equal award solution for rationing problems.
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  • Lahiri, Somdeb, 2001. "Axiomatic characterizations of the CEA solution for rationing problems," European Journal of Operational Research, Elsevier, vol. 131(1), pages 162-170, May.
    • Handle: RePEc:eee:ejores:v:131:y:2001:i:1:p:162-170
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    1. Lahiri Somdeb, 1995. "A Reduced Game Property for the Egalitarian Solution," IIMA Working Papers WP1995-07-01_01348, Indian Institute of Management Ahmedabad, Research and Publication Department.
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    Cited by:

    1. Moreno-Ternero, Juan D. & Vidal-Puga, Juan, 2021. "Aggregator operators for dynamic rationing," European Journal of Operational Research, Elsevier, vol. 288(2), pages 682-691.
    2. Martínez, Ricardo & Moreno-Ternero, Juan D., 2022. "Compensation and sacrifice in the probabilistic rationing of indivisible units," European Journal of Operational Research, Elsevier, vol. 302(2), pages 740-751.
    3. Nir Dagan, 2008. "An axiomatization of the leveling tax-transfer policy," Economic theory and game theory 020, Nir Dagan.

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