A Sequential Allocation Problem: The Asymptotic Distribution of Resources

dc.contributor
Universitat Rovira i Virgili. Departament d'Economia
dc.contributor
Universitat Rovira i Virgili. Centre de Recerca en Economia Industrial i Economia Pública
dc.contributor.author
Hurt, Wesley
dc.contributor.author
Osório, António (António Miguel)
dc.date.accessioned
2014-07-07T15:58:34Z
dc.date.accessioned
2024-12-10T13:31:34Z
dc.date.available
2014-07-07T15:58:34Z
dc.date.available
2024-12-10T13:31:34Z
dc.date.created
2014-06-03
dc.date.issued
2014
dc.identifier.uri
http://hdl.handle.net/2072/237596
dc.description.abstract
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.
eng
dc.format.extent
30 p.
cat
dc.language.iso
eng
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dc.publisher
Universitat Rovira i Virgili. Departament d'Economia
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dc.relation.ispartofseries
Documents de treball del Departament d'Economia;2014-14
dc.rights
info:eu-repo/semantics/openAccess
dc.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/
dc.source
RECERCAT (Dipòsit de la Recerca de Catalunya)
dc.subject.other
Teoria de jocs
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dc.subject.other
Economia del benestar
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dc.subject.other
Decisió de grup
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dc.title
A Sequential Allocation Problem: The Asymptotic Distribution of Resources
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dc.type
info:eu-repo/semantics/workingPaper
cat
dc.subject.udc
33
cat
dc.embargo.terms
cap
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