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Title:
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A Sequential Allocation Problem: The Asymptotic Distribution of Resources
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Author:
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Osório, António (António Miguel)
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Other authors:
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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 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. |
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Publication date:
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2016 |
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Subject (UDC):
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33 - Economia |
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Subject(s):
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Jocs, Teoria de
Distribució asimptòtica (Teoria de la probabilitat)
Decisió, Presa de (Estadística) |
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Rights:
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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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Pages:
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29 p. |
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Document type:
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Working Paper |
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Published by:
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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;2016-15
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Share:
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