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Título:
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A Sequential Allocation Problem: The Asymptotic Distribution of Resources
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Autor/a:
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Hurt, Wesley; Osório, António (António Miguel)
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Otros autores:
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Universitat Rovira i Virgili. Departament d'Economia; Universitat Rovira i Virgili. Centre de Recerca en Economia Industrial i Economia Pública |
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Abstract:
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In this paper we consider a sequential allocation problem with n individuals. The first individual can consume any amount of some endowment
leaving the remaining for the second individual, and so on. Motivated by the
limitations associated with the cooperative or non-cooperative solutions we
propose a new approach. We establish some axioms that should be satisfied,
representativeness, impartiality, etc. The result is a unique asymptotic allocation rule. It is shown for n = 2; 3; 4; and a claim is made for general n. We
show that it satisfies a set of desirable properties.
Key words: Sequential allocation rule, River sharing problem, Cooperative
and non-cooperative games, Dictator and ultimatum games.
JEL classification: C79, D63, D74. |
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Fecha de creación:
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2014 |
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Materias (CDU):
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33 - Economia |
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Materia(s):
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Teoria de jocs
Economia del benestar
Decisió de grup |
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Derechos:
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L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons: http://creativecommons.org/licenses/by-nc-nd/3.0/es/ |
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Páginas:
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30 p. |
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Tipo de documento:
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Documento de trabajo |
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Editor:
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Universitat Rovira i Virgili. Departament d'Economia
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Collection:
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Documents de treball del Departament d'Economia;2014-14
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Compartir:
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