Hougaard, Jens L.; Moreno-Ternero, Juan D.; Østerdal, … - Departamento de Teoría e Historia Económica, Facultad … - 2011
We analyze a general model of rationing in which agents have baselines, in addition to claims against the (insufficient …) endowment of the good to be allocated. Many real-life problems fit this extended model (e.g., bankruptcy with prioritized claims … rationing model, and we show that if the latter obeys some properties reflecting principles of impartiality, priority and …