Yayınlanmış 1 Ocak 2018
| Sürüm v1
Dergi makalesi
Açık
Proportional rules for state contingent claims
Oluşturanlar
- 1. Istanbul Tech Univ, Dept Econ, TR-34367 Istanbul, Turkey
- 2. Queens Univ Belfast, Queens Management Sch, Riddel Hall,185 Stranmillis Rd, Belfast BT9 5EE, Antrim, North Ireland
Açıklama
We consider rationing problems where the claims are state contingent. Before the state is realized individuals submit claims for every possible state of the world. A rule distributes resources before the realization of the state of the world. We introduce two natural extensions of the proportional rule in this framework, namely, the ex-ante proportional rule and the ex-post proportional rule, and then we characterize them using standard axioms from the literature.
Dosyalar
bib-863248de-f9c0-4988-9a11-9114906aed58.txt
Dosyalar
(133 Bytes)
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