Parametric rationing with uncertain needs
We study resource allocation in the face of uncertain needs. We extend Young (1987)’s parametric rules to the uncertain context. We re-establish the axiomatic char-acterization of parametric rules and show the optimality of the rules.
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2019
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soe_research/2300 https://ink.library.smu.edu.sg/context/soe_research/article/3299/viewcontent/parametric_rationing_with_uncertain_needs_.pdf |
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| Institution: | Singapore Management University |
| Language: | English |
| Summary: | We study resource allocation in the face of uncertain needs. We extend Young (1987)’s parametric rules to the uncertain context. We re-establish the axiomatic char-acterization of parametric rules and show the optimality of the rules. |
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