Rationing a commodity along fixed paths

Moulin, H. (1999) Rationing a commodity along fixed paths. Journal of Economic Theory, 84(1), pp. 41-72. (doi:10.1006/jeth.1998.2468)

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Abstract

A commodity is divided among agents with single-peaked preferences. The commodity is either infinitely divisible or comes in indivisible units. Arationing methodelicits individual peaks (demands); if the commodity is overdemanded (resp. underdemanded), no agent receives more (resp. less) than his peak. Afixed-pathrationing method allocates an overdemanded “good” along a path independent of individual demands, except that an agent receives exactly his demand if it is below the path-generated share. An underdemanded “bad” is allocated similarly alonganotherpath. The four properties efficiency, strategyproofness, resource monotonicity, and consistency characterize the set of fixed path rationing methods.

Item Type:Articles
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Moulin, Professor Herve
Authors: Moulin, H.
College/School:College of Social Sciences > Adam Smith Business School > Economics
Journal Name:Journal of Economic Theory
ISSN:00220531
ISSN (Online):1095-7235

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