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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.

Suggested Citation

  • Lahiri Somdeb, 1999. "Axiomatic Characterizations of the CEA Solution for Rationing Problems," IIMA Working Papers WP1999-02-03, Indian Institute of Management Ahmedabad, Research and Publication Department.
    • Handle: RePEc:iim:iimawp:wp01586
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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. Gong, Doudou & Dietzenbacher, Bas, 2025. "Equal treatment of unsatisfied agents," Mathematical Social Sciences, Elsevier, vol. 137(C).
    3. 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.
    4. Nir Dagan, 2008. "An axiomatization of the leveling tax-transfer policy," Economic theory and game theory 020, Nir Dagan.

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