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Generalized rationing problems and solutions
Timoner Lledó, Pere; Izquierdo Aznar, Josep Maria
Universitat de Barcelona
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.
Racionament del consum
Igualtat
Fallida
Equilibri (Economia)
Competència econòmica
Rationing
Equality
Bankruptcy
Equilibrium (Economics)
Competition
cc-by-nc-nd, (c) Timoner Lledó et al., 2015
http://creativecommons.org/licenses/by-nc-nd/3.0/
Working Paper
Universitat de Barcelona. Facultat d'Economia i Empresa
         

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