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Title: Generalized rationing problems and solutions
Author: Timoner Lledó, Pere
Izquierdo Aznar, Josep Maria
Keywords: Racionament del consum
Equilibri (Economia)
Competència econòmica
Equilibrium (Economics)
Issue Date: 2015
Publisher: Universitat de Barcelona. Facultat d'Economia i Empresa
Series/Report no: [WP E-Eco15/329]
Abstract: An extension of the standard rationing model is introduced. Agents are not only identified by their respective claims on some amount of a scarce resource, but also by some exogenous ex-ante conditions (initial stock of resource or net worth of agents, for instance), different from claims. Within this framework, we define a generalization of the constrained equal awards rule. We provide two different characterizations of this generalized rule. Finally, we use the corresponding dual properties to characterize a generalization of the constrained equal losses rule.
Note: Reproducció del document publicat a:
It is part of: UB Economics – Working Papers, 2015, E15/329
ISSN: 1136-8365
Appears in Collections:UB Economics – Working Papers [ERE]

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