A Sequential Allocation Problem: The Asymptotic Distribution of Resources Report as inadecuate




A Sequential Allocation Problem: The Asymptotic Distribution of Resources - Download this document for free, or read online. Document in PDF available to download.

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.



Item Type: MPRA Paper -

Original Title: A Sequential Allocation Problem: The Asymptotic Distribution of Resources-

English Title: A Sequential Allocation Problem: The Asymptotic Distribution of Resources-

Language: English-

Keywords: Sequential allocation rule, River sharing problem, Cooperative and non-cooperative games, Dictator and ultimatum games.-

Subjects: C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory > C79 - OtherD - Microeconomics > D6 - Welfare Economics > D63 - Equity, Justice, Inequality, and Other Normative Criteria and MeasurementD - Microeconomics > D7 - Analysis of Collective Decision-Making > D74 - Conflict ; Conflict Resolution ; Alliances ; Revolutions-





Author: Osorio, Antonio

Source: https://mpra.ub.uni-muenchen.de/56690/







Related documents