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http://hdl.handle.net/11718/511| Title: | Axiomatic characterizations of the CEA solution for rationing problems |
| Authors: | Lahiri, Somdeb |
| Keywords: | Rationing, Problemes |
| Issue Date: | 12-Dec-2009 |
| Series/Report no.: | WP;99-02-03/1505 |
| Abstract: | Situations abound in the real world, where aggregate demand for a commodity exceeds aggregate supply. When such situations of excess demand occur, what is required is some kind of rationing. The literature on rationing problems has an interesting origin in the Babylonian Talmud. The purpose of this paper is to characterize axiomatically and analyze the constrained equal award solution for rationing problems. |
| URI: | http://hdl.handle.net/11718/511 |
| Appears in Collections: | Working Papers |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| WP 1999_1505.pdf | 843.66 kB | Adobe PDF | View/Open |
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