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Parametric rationing with uncertain needs

Author

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  • Long, Yan

    (Huazhong University of Science and Technology)

  • Xue, Jingyi

    (School of Economics, Singapore Management University)

Abstract

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.

Suggested Citation

  • Long, Yan & Xue, Jingyi, 2019. "Parametric rationing with uncertain needs," Economics and Statistics Working Papers 20-2019, Singapore Management University, School of Economics.
    • Handle: RePEc:ris:smuesw:2019_020
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    Cited by:

    1. Martínez, Ricardo & Moreno-Ternero, Juan D., 2022. "Compensation and sacrifice in the probabilistic rationing of indivisible units," European Journal of Operational Research, Elsevier, vol. 302(2), pages 740-751.
    2. Long, Yan & Sethuraman, Jay & Xue, Jingyi, 2021. "Equal-quantile rules in resource allocation with uncertain needs," Journal of Economic Theory, Elsevier, vol. 197(C).

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