Showing 1 - 10 of 23
The standard problem of adjudicating conflicting claims describes a situation in which a given amount of a divisible good has to be allocated among agents who hold claims against it exceeding the available amount. This paper considers more general rationing problems in which, in addition to...
Persistent link: https://www.econbiz.de/10010585850
In a recent paper, Thomson and Yeh [Operators for the adjudication of conflicting claims, Journal of Economic Theory 143 (2008) 177-198] introduced the concept of operators on the space of rules for the problem of adjudicating conflicting claims. They focussed on three operators in order to...
Persistent link: https://www.econbiz.de/10010585852
We introduce a new operator for general rationing problems in which, besides conflicting claims, individual baselines play an important role in the rationing process. The operator builds onto ideas of composition, which are not only frequent in rationing, but also in related problems such as...
Persistent link: https://www.econbiz.de/10010586210
In this paper we explore the implications of ethical and operational principles for the evaluation of population health. We formalize those principles as axioms for social preferences over distributions of health for a given population. We single out several focal population health evaluation...
Persistent link: https://www.econbiz.de/10010586214
This paper explores a multi-criteria outranking methodology that is designed to both handle uncertain and imprecise data in describing alternatives as well as treating the decision maker's preference information in a sensible way that re flects the difficulties in articulating preferences. Based...
Persistent link: https://www.econbiz.de/10011159913
In this paper we consider a family of cost allocation rules for which agents pay a share of their incremental cost as well as of any ‘debt’ from prior agents. This family encompasses the Bird rule and the free riding rule (where terminal agents pay everything) as the two extreme cases. By...
Persistent link: https://www.econbiz.de/10010822726
The purpose of this paper is to model the multi-criteria decision problem of identifying the most suitable facility locations for biogas plants under an integrated decision support methodology. Here the Geographical Information System (GIS) is used for measuring the attributes of the...
Persistent link: https://www.econbiz.de/10010735519
We analyze a two-attribute procurement auction that uses yardstick competition to settle prices. The submitted sealed bids are replaced by yardstick bids, computed by a linear weighting of the other participants’ bids. The auction simplifies the procurement process by reducing the...
Persistent link: https://www.econbiz.de/10010765733
Risk capital allocation problems have been widely discussed in the academic literature. We consider a company with multiple subunits having individual portfolios. Hence, when portfolios of subunits are merged, a diversification benefit arises: the risk of the company as a whole is smaller than...
Persistent link: https://www.econbiz.de/10010892241
The economic concept of Returns-to-Scale (RTS) has been intensively studied in the context of Data Envelopment Analysis (DEA). The conventional DEA models that are used for RTS classification require well-defined and accurate data whereas in reality data are often imprecise, vague, uncertain or...
Persistent link: https://www.econbiz.de/10010961315