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Baseline Rationing

  • Jens L. Hougaard

    ()

    (University of Copenhagen)

  • Juan D. Moreno-Ternero

    ()

    (Department of Economic Theory, Universidad de Málaga)

  • Lars P. Østerdal

    ()

    (University of Copenhagen)

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 extended 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 such problems. Any method within the class is associated with a rule in the standard rationing model, 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://webdeptos.uma.es/THEconomica/malagawpseries/Papers/METCwp2011-4.pdf
File Function: First version, 2011
Download Restriction: no

Paper provided by Universidad de Málaga, Department of Economic Theory, Málaga Economic Theory Research Center in its series Working Papers with number 2011-04.

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Length: 25 pages
Date of creation: Apr 2011
Date of revision:
Handle: RePEc:mal:wpaper:2011-4
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  1. Hervé Moulin, 2000. "Priority Rules and Other Asymmetric Rationing Methods," Econometrica, Econometric Society, vol. 68(3), pages 643-684, May.
  2. Jens L. Hougaard & Juan D. Moreno-Ternero & Lars P. Østerdal, 2011. "A Unifying Framework for the Problem of Adjudicating Conflicting Claims," Discussion Papers 11-03, University of Copenhagen. Department of Economics.
  3. MORENO-TERNERO, Juan D. & VILLAR, Antonio, . "New characterizations of a classical bankruptcy rule," CORE Discussion Papers RP -1926, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  4. Biung-Ghi Ju & Juan D. Moreno-Ternero, 2009. "Progressive and merging-proof taxation," Working Papers 2009-7, Universidad de Málaga, Department of Economic Theory, Málaga Economic Theory Research Center.
  5. MORENO-TERNERO, Juan D., 2006. "The proportional rule for multi-issue bankruptcy problems," CORE Discussion Papers 2006076, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  6. Marc Fleurbaey & John E. Roemer, 2010. "Judicial Precedent as a Dynamic Rationale for Axiomatic Bargaining Theory," IDEP Working Papers 1002, Institut d'economie publique (IDEP), Marseille, France, revised 07 May 2010.
  7. repec:ner:tilbur:urn:nbn:nl:ui:12-194180 is not listed on IDEAS
  8. Nir Dagan, 1996. "New characterizations of old bankruptcy rules," Social Choice and Welfare, Springer, vol. 13(1), pages 51-59, January.
  9. MORENO-TERNERO, Juan D. & ROEMER, John E., . "Impartiality, priority, and solidarity in the theory of justice," CORE Discussion Papers RP -1896, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  10. Youngsub Chun, 1999. "Equivalence of Axioms for Bankruptcy Problems," Working Paper Series no1, Institute of Economic Research, Seoul National University.
  11. Toru Hokari & William Thomson, 2007. "On properties of division rules lifted by bilateral consistency," RCER Working Papers 536, University of Rochester - Center for Economic Research (RCER).
  12. Ju, Biung-Ghi & Miyagawa, Eiichi & Sakai, Toyotaka, 2007. "Non-manipulable division rules in claim problems and generalizations," Journal of Economic Theory, Elsevier, vol. 132(1), pages 1-26, January.
  13. Juan de Dios Moreno Ternero & Antonio Villar Notario, 2003. "The Talmud Rule And The Securement Of Agents? Awards," Working Papers. Serie AD 2003-05, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  14. Aumann, Robert J. & Maschler, Michael, 1985. "Game theoretic analysis of a bankruptcy problem from the Talmud," Journal of Economic Theory, Elsevier, vol. 36(2), pages 195-213, August.
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  16. Kaminski, Marek M., 2006. "Parametric rationing methods," Games and Economic Behavior, Elsevier, vol. 54(1), pages 115-133, January.
  17. repec:dgr:uvatin:20080026 is not listed on IDEAS
  18. Youngsub Chun, 1999. "Equivalence of axioms for bankruptcy problems," International Journal of Game Theory, Springer, vol. 28(4), pages 511-520.
  19. Diego Dominguez & William Thomson, 2004. "A New Solution to the Problem of Adjudicating Conflicting Claims," RCER Working Papers 511, University of Rochester - Center for Economic Research (RCER).
  20. Roemer, John E, 1986. "Equality of Resources Implies Equality of Welfare," The Quarterly Journal of Economics, MIT Press, vol. 101(4), pages 751-84, November.
  21. Antonio Villar Notario & Juan D. Moreno Ternero, 2001. "The Tal-Family Of Rules For Bankruptcy Problems," Working Papers. Serie AD 2001-33, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  22. Thomson, W., 1989. "Cooperative Models Of Bargaining," RCER Working Papers 177, University of Rochester - Center for Economic Research (RCER).
  23. Pulido, M. & Borm, P.E.M. & Hendrickx, R.L.P. & Llorca, N. & Sánchez-Soriano, J., 2008. "Compromise solutions for bankruptcy situations with references," Other publications TiSEM d5052c4d-eda1-4d7e-b3d0-d, School of Economics and Management.
  24. Toru Hokari & William Thomson, 2003. "Claims problems and weighted generalizations of the Talmud rule," Economic Theory, Springer, vol. 21(2), pages 241-261, 03.
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