Baseline rationing

Publikation: Working paperForskning

Standard

Baseline rationing. / Hougaard, Jens Leth; Moreno-Ternero, Juan D.; Østerdal, Lars Peter Raahave.

Department of Economics, University of Copenhagen, 2010.

Publikation: Working paperForskning

Harvard

Hougaard, JL, Moreno-Ternero, JD & Østerdal, LPR 2010 'Baseline rationing' Department of Economics, University of Copenhagen.

APA

Hougaard, J. L., Moreno-Ternero, J. D., & Østerdal, L. P. R. (2010). Baseline rationing. Department of Economics, University of Copenhagen.

Vancouver

Hougaard JL, Moreno-Ternero JD, Østerdal LPR. Baseline rationing. Department of Economics, University of Copenhagen. 2010.

Author

Hougaard, Jens Leth ; Moreno-Ternero, Juan D. ; Østerdal, Lars Peter Raahave. / Baseline rationing. Department of Economics, University of Copenhagen, 2010.

Bibtex

@techreport{a223a0707ab411df928f000ea68e967b,
title = "Baseline rationing",
abstract = "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 claims, there exist baselines (to be interpreted as objective entitlements, ideal targets, or past consumption) that might play an important role in the allocation process. The model we present is able to accommodate real-life rationing situations, ranging from resource allocation in the public health care sector to international protocols for the reduction of greenhouse emissions, or water distributionin drought periods. We define a family of allocation methods for such general rationing problems - called baseline rationing rules - and provide an axiomatic characterization for it. Any baseline rationing rule within the family is associated with a standard rule and we show that if the latter obeys some properties reflecting principles of impartiality, priority and solidarity, the former obeys them too.",
keywords = "Faculty of Social Sciences, rationing, baselines, claims, priority, solidarity",
author = "Hougaard, {Jens Leth} and Moreno-Ternero, {Juan D.} and {\O}sterdal, {Lars Peter Raahave}",
note = "JEL classification: D63",
year = "2010",
language = "English",
publisher = "Department of Economics, University of Copenhagen",
address = "Denmark",
type = "WorkingPaper",
institution = "Department of Economics, University of Copenhagen",

}

RIS

TY - UNPB

T1 - Baseline rationing

AU - Hougaard, Jens Leth

AU - Moreno-Ternero, Juan D.

AU - Østerdal, Lars Peter Raahave

N1 - JEL classification: D63

PY - 2010

Y1 - 2010

N2 - 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 claims, there exist baselines (to be interpreted as objective entitlements, ideal targets, or past consumption) that might play an important role in the allocation process. The model we present is able to accommodate real-life rationing situations, ranging from resource allocation in the public health care sector to international protocols for the reduction of greenhouse emissions, or water distributionin drought periods. We define a family of allocation methods for such general rationing problems - called baseline rationing rules - and provide an axiomatic characterization for it. Any baseline rationing rule within the family is associated with a standard rule and we show that if the latter obeys some properties reflecting principles of impartiality, priority and solidarity, the former obeys them too.

AB - 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 claims, there exist baselines (to be interpreted as objective entitlements, ideal targets, or past consumption) that might play an important role in the allocation process. The model we present is able to accommodate real-life rationing situations, ranging from resource allocation in the public health care sector to international protocols for the reduction of greenhouse emissions, or water distributionin drought periods. We define a family of allocation methods for such general rationing problems - called baseline rationing rules - and provide an axiomatic characterization for it. Any baseline rationing rule within the family is associated with a standard rule and we show that if the latter obeys some properties reflecting principles of impartiality, priority and solidarity, the former obeys them too.

KW - Faculty of Social Sciences

KW - rationing

KW - baselines

KW - claims

KW - priority

KW - solidarity

M3 - Working paper

BT - Baseline rationing

PB - Department of Economics, University of Copenhagen

ER -

ID: 20366466