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Baseline Rationing

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Author Info

  • Jens Leth Hougaard

    ()
    (Department of Food and Resource Economics, University of Copenhagen)

  • Juan D. Moreno-Ternero

    (Department of Economics, Universidad de Malaga and Pablo de Olavide)

  • Lars Peter Østerdal

    (Department of Economics, University of Copenhagen)

Abstract

The standard problem of adjudicating conflicting claims describes a situation in which a given amount of a divisible good has to be allocated among agents who hold claims against it exceeding the available amount. This paper considers more general rationing problems in which, in addition to claims, there exist baselines (to be interpreted as objective entitlements, ideal targets, or past consumption) that might play an important role in the allocation process. The model we present is able to accommodate real-life rationing situations, ranging from resource allocation in the public health care sector to international protocols for the reduction of greenhouse emissions, or water distribution in drought periods. We define a family of allocation methods for such general rationing problems - called baseline rationing rules - and provide an axiomatic characterization for it. Any baseline rationing rule within the family is associated with a standard rule and we show that if the latter obeys some properties reflecting principles of impartiality, priority and solidarity, the former obeys them too.

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File URL: http://okonomi.foi.dk/workingpapers/MSAPpdf/MSAP2010/MSAP_WP05_2010.pdf
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Bibliographic Info

Paper provided by University of Copenhagen, Department of Food and Resource Economics in its series MSAP Working Paper Series with number 05_2010.

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Length: 20 pages
Date of creation: Jun 2010
Date of revision:
Handle: RePEc:foi:msapwp:05_2010

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Web page: http://www.msap.life.ku.dk/
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Related research

Keywords: rationing; baselines; claims; priority; solidarity;

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References

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Citations

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Cited by:
  1. Hougaard, Jens Leth & Moreno-Ternero, Juan D. & Østerdal, Lars Peter, 2012. "A unifying framework for the problem of adjudicating conflicting claims," Journal of Mathematical Economics, Elsevier, vol. 48(2), pages 107-114.
  2. Jens L. Hougaard & Juan D. Moreno-Ternero & Lars P. Osterdal, 2013. "Rationing with Baselines: The Composition Extension Operator," Working Papers 13.01, Universidad Pablo de Olavide, Department of Economics.
  3. Pere Timoner & Josep Maria Izquierdo, 2014. "Rationing problems with payoff thresholds," UB Economics Working Papers 2014/311, Universitat de Barcelona, Facultat d'Economia i Empresa, UB Economics.

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