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Rationing in the presence of baselines

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Listed:
  • HOUGAARD, Jean Leth
  • MORENO-TERNERO, Juan D.
  • OSTERDAL, Lars Peter

Abstract

We analyze a general model of rationing in which agents have baselines, in addition to claims against the (insufficient) endowment of the good to be allocated. Many real-life problems fit this general model (e.g., bankruptcy with prioritized claims, resource allocation in the public health care sector, water distribution in drought periods). We introduce (and characterize) a natural class of allocation methods for this model. Any method within the class is associated with a rule in the standard rationing model, and we show that if the latter obeys some focal properties, the former obeys them too.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • HOUGAARD, Jean Leth & MORENO-TERNERO, Juan D. & OSTERDAL, Lars Peter, 2013. "Rationing in the presence of baselines," LIDAM Reprints CORE 2470, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    • Handle: RePEc:cor:louvrp:2470
    DOI: 10.1007/s00355-012-0664-4
    Note: In : Journal of Health Economics, 32(3), 515-523, 2013
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    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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