title   
  

On recursive solutions to simple allocation problems

Kıbrıs, Özgür (2013) On recursive solutions to simple allocation problems. Theory and Decision, 75 (3). pp. 449-463. ISSN 0040-5833 (Print) 1573-7187 (Online)

Full text not available from this repository.

Official URL: http://dx.doi.org/10.1007/s11238-013-9359-2

Abstract

We propose and axiomatically analyze a class of rational solutions to simple allocation problems where a policy-maker allocates an endowment E among n agents described by a characteristic vector c. We propose a class of recursive rules which mimic a decision processwhere the policy-maker initially starts with a reference allocation of E in mind and then uses the data of the problem to recursively adjust his previous allocation decisions.We showthat recursive rules uniquely satisfy rationality, c-continuity, and other-c monotonicity. We also show that a well-known member of this class, the Equal Gains rule, uniquely satisfies rationality, c-continuity, and equal treatment of equals.

Item Type:Article
Uncontrolled Keywords:Simple allocation problem · Rational · Recursive · Algorithm · Equal Gains · Continuity · Monotonicity · Equal treatment of equals
Subjects:H Social Sciences > HB Economic Theory
ID Code:21909
Deposited By:Özgür Kıbrıs
Deposited On:31 Oct 2013 12:20
Last Modified:31 Oct 2013 12:20

Repository Staff Only: item control page