IDEAS home Printed from https://ideas.repec.org/a/ags/ndjtrf/207429.html
   My bibliography  Save this article

An Optimization Approach Applied to Fair Division Transportation Funding Allocation Models

Author

Listed:
  • Chang, Carlos M.
  • Montes, Edith

Abstract

The problem of multiple necessities and limited funds is common in the transportation field. Funding allocation for a transportation agency often involves prioritizing the allocation of funds across a number of participants who have their own needs and preferences. If a participant believes that the final allocation is unfair, then this perception could result in the generation of envy. In this paper, a genetic optimization technique is applied to a Fair Division Transportation Funding Allocation Model (FDTFAM) to minimize the total envy based on the participant’s own priorities and the budget constraints.

Suggested Citation

  • Chang, Carlos M. & Montes, Edith, 2014. "An Optimization Approach Applied to Fair Division Transportation Funding Allocation Models," Journal of the Transportation Research Forum, Transportation Research Forum, vol. 53(1).
    • Handle: RePEc:ags:ndjtrf:207429
    DOI: 10.22004/ag.econ.207429
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/207429/files/2014v53n1_07_TransportationFunding.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.207429?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Varian, Hal R., 1974. "Equity, envy, and efficiency," Journal of Economic Theory, Elsevier, vol. 9(1), pages 63-91, September.
    2. Dall'Aglio, Marco & Mosca, Raffaele, 2007. "How to allocate hard candies fairly," Mathematical Social Sciences, Elsevier, vol. 54(3), pages 218-237, December.
    3. Flip Klijn, 2000. "An algorithm for envy-free allocations in an economy with indivisible objects and money," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 17(2), pages 201-215.
    4. Brams, S.J. & Taylor, A.D., 1993. "Fair Division by Point Allocation," Working Papers 93-42, C.V. Starr Center for Applied Economics, New York University.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Meertens, Marc & Potters, Jos & Reijnierse, Hans, 2002. "Envy-free and Pareto efficient allocations in economies with indivisible goods and money," Mathematical Social Sciences, Elsevier, vol. 44(3), pages 223-233, December.
    2. Rodrigo A. Velez, 2017. "Equitable rent division," Working Papers 20170818-001, Texas A&M University, Department of Economics.
    3. Goko, Hiromichi & Igarashi, Ayumi & Kawase, Yasushi & Makino, Kazuhisa & Sumita, Hanna & Tamura, Akihisa & Yokoi, Yu & Yokoo, Makoto, 2024. "A fair and truthful mechanism with limited subsidy," Games and Economic Behavior, Elsevier, vol. 144(C), pages 49-70.
    4. Thomson, William, 2011. "Chapter Twenty-One - Fair Allocation Rules," Handbook of Social Choice and Welfare, in: K. J. Arrow & A. K. Sen & K. Suzumura (ed.), Handbook of Social Choice and Welfare, edition 1, volume 2, chapter 21, pages 393-506, Elsevier.
    5. Johannes Brustle & Jack Dippel & Vishnu V. Narayan & Mashbat Suzuki & Adrian Vetta, 2019. "One Dollar Each Eliminates Envy," Papers 1912.02797, arXiv.org.
    6. Bengt-Arne Wickström, 2013. "The optimal Babel: an economic framework for the analysis of dynamic language rights," Chapters, in: Francisco Cabrillo & Miguel A. Puchades-Navarro (ed.), Constitutional Economics and Public Institutions, chapter 18, pages 322-344, Edward Elgar Publishing.
    7. Kotaro Suzumura, 2020. "Reflections on Arrow’s research program of social choice theory," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 54(2), pages 219-235, March.
    8. Wolfgang Buchholz & Wolfgang Peters, 2007. "Justifying the Lindahl solution as an outcome of fair cooperation," Public Choice, Springer, vol. 133(1), pages 157-169, October.
    9. Fleurbaey, Marc & Maniquet, François, 2017. "Fairness and well-being measurement," Mathematical Social Sciences, Elsevier, vol. 90(C), pages 119-126.
    10. Chiara Donnini & Marialaura Pesce, 2020. "Strict fairness of equilibria in asymmetric information economies and mixed markets," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 69(1), pages 107-124, February.
    11. Luofeng Liao & Christian Kroer, 2024. "Statistical Inference and A/B Testing in Fisher Markets and Paced Auctions," Papers 2406.15522, arXiv.org, revised Aug 2024.
    12. Marlos Goes & Nancy Tuana & Klaus Keller, 2011. "The economics (or lack thereof) of aerosol geoengineering," Climatic Change, Springer, vol. 109(3), pages 719-744, December.
    13. Suksompong, Warut, 2016. "Asymptotic existence of proportionally fair allocations," Mathematical Social Sciences, Elsevier, vol. 81(C), pages 62-65.
    14. Matthew C. Weinzierl, 2016. "A Welfarist Role for Nonwelfarist Rules: An example with envy," Harvard Business School Working Papers 17-021, Harvard Business School, revised Jul 2017.
    15. de Clippel, Geoffroy & Pérez-Castrillo, David & Wettstein, David, 2012. "Egalitarian equivalence under asymmetric information," Games and Economic Behavior, Elsevier, vol. 75(1), pages 413-423.
    16. Kverndokk, Snorre & Rose, Adam, 2008. "Equity and Justice in Global Warming Policy," International Review of Environmental and Resource Economics, now publishers, vol. 2(2), pages 135-176, October.
    17. Roger Hartley & Richard Cornes, 2004. "Mixed sharing rules," Econometric Society 2004 Australasian Meetings 196, Econometric Society.
    18. Gill, David & Stone, Rebecca, 2010. "Fairness and desert in tournaments," Games and Economic Behavior, Elsevier, vol. 69(2), pages 346-364, July.
    19. Nikhil Garg & Ashish Goel & Benjamin Plaut, 2021. "Markets for public decision-making," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 56(4), pages 755-801, May.
    20. Biung†Ghi Ju & Juan D. Moreno†Ternero, 2017. "Fair Allocation Of Disputed Properties," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 58(4), pages 1279-1301, November.

    More about this item

    Keywords

    Public Economics;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:ndjtrf:207429. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: http://www.trforum.org/journal/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.