Browsing Working Papers by Subject "Rationing problems"
Now showing items 1-2 of 2
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Axiomatic characterizations of solutions for rationing problems
(2010-07-27)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 ... -
Comment on the adjusted proportional solution for rationing problems
(2010-04-05)In this paper we obtain a simple expression for the adjusted proportional solution for rationing problems, when a fixed supply of an infinitely divisible good has to be divided only among two people, and when their demands ...