Rationing : dynamic considerations, equivalent sacrifice and links between the two approaches
AbstractSuppose 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.
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Bibliographic InfoPaper provided by Ghent University, Faculty of Economics and Business Administration in its series Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium with number 04/244.
Length: 24 pages
Date of creation: May 2004
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-08-31 (All new papers)
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