title   
  

On algorithmic solutions to simple allocation problems

Kıbrıs, Özgür (2008) On algorithmic solutions to simple allocation problems. [Working Paper / Technical Report] Sabanci University ID:SU_FASS_2008/0006

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Abstract

We interpret solution rules to a class of simple allocation problems as data on the choices of a policy-maker. We study the properties of rational rules. We show that every rational rule falls into a class of algorithmic rules that we describe. The Equal Gains rule is a member of this class and it uniquely satisfies rationality, continuity, and equal treatment of equals. Its dual, the Equal Losses rule, uniquely satisfies continuity, equal treatment of equals, and two properties that constitute the dual of rationality: translation down and translation up.

Item Type:Working Paper / Technical Report
Uncontrolled Keywords:Rational, contraction independence, continuity, equal treatment of equals, translation, duality.
Subjects:H Social Sciences > HB Economic Theory
ID Code:8887
Deposited By:Özgür Kıbrıs
Deposited On:06 Sep 2008 15:49
Last Modified:06 Sep 2008 15:50

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