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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