Equal-quantile rules in resource allocation with uncertain needs

• Main Authors: LONG, Yan, SETHURAMAN, Jay, XUE, Jingyi
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2021
• Subjects: Resource allocation; Uncertain needs; Equal-quantile rules; Utilitarian social welfare function; Waste and deficit; Coordinality; Economic Theory
• Online Access: https://ink.library.smu.edu.sg/soe_research/2669; https://ink.library.smu.edu.sg/context/soe_research/article/3668/viewcontent/equal_quantile_rules_RR_sv.pdf
• Institution: Singapore Management University

A group of agents have uncertain needs on a resource, which must be allocated before uncertainty re-solves. We propose a parametric class of division rules we call equal-quantile rules. The parameter lambda of an equal-quantile rule is the maximal probability of satiation imposed on agents - for eac...