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Aggregator Operators for Dynamic Rationing

Juan Moreno-Ternero and Juan Vidal-Puga

No 20.01, Working Papers from Universidad Pablo de Olavide, Department of Economics

Abstract: We study dynamic rationing problems. In each period, a fixed group of agents hold claims over an insufficient endowment. The solution to each of these periods’ problems might be influenced by the solutions at previous periods. We single out a natural family of aggregator operators, which extend static rules (solving static rationing problems) to construct rules to solve dynamic rationing problems.

Keywords: axioms; resource allocation; dynamic models; rationing; operators (search for similar items in EconPapers)
JEL-codes: C71 D63 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2020-01
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http://www.upo.es/serv/bib/wps/econ2001.pdf

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Persistent link: https://EconPapers.repec.org/RePEc:pab:wpaper:20.01

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