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Rationing with baselines: the composition extension operator (2013)

Springer

In: Annals of Operations Research

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Publication Date: 2013-10-09

Description: We introduce a new operator for general rationing problems in which, besides conflicting claims, individual baselines play an important role in the rationing process. The operator builds onto ideas of composition, which are not only frequent in rationing, but also in related problems such as bargaining, choice, and queuing. We characterize the operator and show how it preserves some standard axioms in the literature on rationing. We also relate it to recent contributions in such literature.

Print ISSN: 0254-5330

Electronic ISSN: 1572-9338

Topics: Mathematics , Economics

Published by Springer

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