Rationing : dynamic considerations, equivalent sacrifice and links between the two approaches

Suppose a quantity t of a given resource is divided among two agents. If an additional quantity becomes available, how shall we share it among the agents ? By looking at the way we can share this increment (or decrement), it is possible to derive some existing rationing methods but also some new ones. Three new methods seem particularly interesting. They can also be derived following an Equivalent Sacrifice approach.

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Year of publication:	2004-05
Authors:	MARCHANT, T.
Institutions:	Faculteit Economie en Bedrijfskunde, Universiteit Gent

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Extent:	application/pdf
Series:	Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium.
Type of publication:	Book / Working Paper
Language:	English
Notes:	24 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004983195