On recursive solutions to simple allocation problems

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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)

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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
Divisions: Faculty of Arts and Social Sciences > Academic programs > Economics
Faculty of Arts and Social Sciences
Depositing User: Özgür Kıbrıs
Date Deposited: 31 Oct 2013 12:20
Last Modified: 28 Apr 2020 13:53
URI: https://research.sabanciuniv.edu/id/eprint/21909

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