Use this identifier to quote or link this document: http://hdl.handle.net/2072/237596

A Sequential Allocation Problem: The Asymptotic Distribution of Resources
Hurt, Wesley; Osório, António (António Miguel)
Universitat Rovira i Virgili. Departament d'Economia; Universitat Rovira i Virgili. Centre de Recerca en Economia Industrial i Economia Pública
In this paper we consider a sequential allocation problem with n individuals. The first individual can consume any amount of some endowment leaving the remaining for the second individual, and so on. Motivated by the limitations associated with the cooperative or non-cooperative solutions we propose a new approach. We establish some axioms that should be satisfied, representativeness, impartiality, etc. The result is a unique asymptotic allocation rule. It is shown for n = 2; 3; 4; and a claim is made for general n. We show that it satisfies a set of desirable properties. Key words: Sequential allocation rule, River sharing problem, Cooperative and non-cooperative games, Dictator and ultimatum games. JEL classification: C79, D63, D74.
2014
33 - Economia
Teoria de jocs
Economia del benestar
Decisió de grup
L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons: http://creativecommons.org/licenses/by-nc-nd/3.0/es/
30 p.
Working Paper
Universitat Rovira i Virgili. Departament d'Economia
Documents de treball del Departament d'Economia;2014-14
         

Full text files in this document

Files Size Format
201414.pdf 366.0 KB PDF

Show full item record

Related documents

Other documents of the same author

Giménez Gómez, José M. (José Manuel); Osório, António (António Miguel); Peris, Josep E.
Giménez Gómez, José M. (José Manuel); Osório, António (António Miguel)
Brito, Duarte; Osório, António (António Miguel); Ribeiro, Ricardo; Vasconcelos, Helder
 

Coordination

 

Supporters