Please use this identifier to cite or link to this item: http://hdl.handle.net/2445/100162
Title: Decentralized rationing problems
Author: Izquierdo Aznar, Josep Maria
Timoner Lledó, Pere
Keywords: Racionament del consum
Igualtat
Equilibri (Economia)
Rationing
Equality
Equilibrium (Economics)
Issue Date: 2016
Publisher: Universitat de Barcelona. Facultat d'Economia i Empresa
Abstract: Decentralized rationing problems are those in which the resource is not directly assigned to agents, but first allocated to groups of agents and then divided among their members. Within this framework, we define extensions of the constrained equal awards, the constrained equal losses and the proportional rules. We show that the first two rules do not preserve certain essential properties and prove the conditions under which both rules do preserve those properties. We characterize the extension of the proportional rule as the only solution that satisfies individual equal treatment of equals. We prove that the proportional rule is the only solution that assigns the same allocation regardless of whether the resource is distributed directly to agents or in a decentralized manner (with agents grouped). Finally, we analyse a strategic game based on decentralized rationing problems in which agents can move freely across groups to submit their claims.
It is part of: UB Economics – Working Papers, 2016, E16/345
URI: http://hdl.handle.net/2445/100162
ISSN: 1136-8365
Appears in Collections:UB Economics – Working Papers [ERE]

Files in This Item:
File Description SizeFormat 
E16-345_Izquierdo_Decentralized.pdf684.45 kBAdobe PDFView/Open


This item is licensed under a Creative Commons License Creative Commons