Rationing in the presence of baselines

Research output: Contribution to journalJournal articleResearchpeer-review

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.
Original languageEnglish
JournalSocial Choice and Welfare
Volume40
Issue number4
Pages (from-to)1047-1066
Number of pages20
ISSN0176-1714
DOIs
Publication statusPublished - 2013

ID: 38252575