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Aggregator Operators for Dynamic Rationing

Author

Listed:
  • Juan D. Moreno-Ternero

    () (Department of Economics, Universidad Pablo de Olavide;)

  • Juan Vidal-Puga

    () (Department of Statistics and Operations Research, Universidade de Vigo)

Abstract

We study dynamic rationing problems. In each period, a fixed group of agents hold claims over an insufficient endowment. The solution to each of these periods’ problems might be influenced by the solutions at previous periods. We single out a natural family of aggregator operators, which extend static rules (solving static rationing problems) to construct rules to solve dynamic rationing problems.

Suggested Citation

  • Juan D. Moreno-Ternero & Juan Vidal-Puga, 2020. "Aggregator Operators for Dynamic Rationing," Working Papers 20.01, Universidad Pablo de Olavide, Department of Economics.
  • Handle: RePEc:pab:wpaper:20.01
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    References listed on IDEAS

    as
    1. Moreno-Ternero, Juan D. & Villar, Antonio, 2004. "The Talmud rule and the securement of agents' awards," Mathematical Social Sciences, Elsevier, vol. 47(2), pages 245-257, March.
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    More about this item

    Keywords

    axioms; resource allocation; dynamic models; rationing; operators;

    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games

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