Title:
|
A Sequential Allocation Problem: The Asymptotic Distribution of Resources
|
Author:
|
Osório, António (António Miguel)
|
Other authors:
|
Universitat Rovira i Virgili. Departament d'Economia; Universitat Rovira i Virgili. Centre de Recerca en Economia Industrial i Economia Pública |
Abstract:
|
In this paper, we consider a sequential allocation problem with n individuals.
The first individual can consume any amount of a resource, leaving the
remainder for the second individual, and so on. Motivated by the limitations
associated with the cooperative or non-cooperative solutions, we propose a
new approach from basic definitions of representativeness and equal treatment.
The result is a unique asymptotic allocation rule for any number of
individuals. We show that it satisfies a set of desirable properties.
Keywords: Sequential allocation rule, River sharing problem, Cooperative
and non-cooperative games, Dictator and ultimatum games.
JEL classification: C79, D63, D74. |
Publication date:
|
2016 |
Subject (UDC):
|
33 - Economia |
Subject(s):
|
Jocs, Teoria de Distribució asimptòtica (Teoria de la probabilitat) Decisió, Presa de (Estadística) |
Rights:
|
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/ |
Pages:
|
29 p. |
Document type:
|
Working Paper |
Published by:
|
Universitat Rovira i Virgili. Departament d'Economia
|
Collection:
|
Documents de treball del Departament d'Economia;2016-15
|
Share:
|
|