On recursive solutions to simple allocation problems |
| |
Authors: | Özgür Kıbrıs |
| |
Affiliation: | 1. Faculty of Arts and Social Sciences, Sabanc? University, 34956, Istanbul, Turkey
|
| |
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 process where 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 show that 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. |
| |
Keywords: | |
本文献已被 SpringerLink 等数据库收录! |
|