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Please use this identifier to cite or link to this item: https://hdl.handle.net/2445/67711
Generalized rationing problems and solutions
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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.
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TIMONER LLEDÓ, Pere and IZQUIERDO AZNAR, Josep Maria. Generalized rationing problems and solutions. UB Economics – Working Papers. 2015. Vol. E15/329. ISSN 1136-8365. [consulted: 13 of August of 2026]. Available at: https://hdl.handle.net/2445/67711