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E16-345_Izquierdo_Decentralized.pdf (684.45 KB)

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Working paper

Publication date

2016

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cc-by-nc-nd, (c) Izquierdo Aznar et al., 2016
Please use this identifier to cite or link to this item: https://hdl.handle.net/2445/100162

Decentralized rationing problems [WP]

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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.

Subject

Racionament del consum, Igualtat, Equilibri (Economia)

Subject (English)

Rationing, Equality, Equilibrium (Economics)

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UB Economics – Working Papers [ERE]
Documents de treball (Matemàtica Econòmica, Financera i Actuarial)

Citation

IZQUIERDO AZNAR, Josep Maria and TIMONER LLEDÓ, Pere. Decentralized rationing problems [WP]. UB Economics – Working Papers. 2016. Vol.  E16/345. ISSN 1136-8365. [consulted: 15 of August of 2026]. Available at: https://hdl.handle.net/2445/100162

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