A Sequential Allocation Problem: The Asymptotic Distribution of Resources

27 Pages Posted: 26 May 2016

Date Written: June 3, 2014

Abstract

In this paper, we consider a sequential allocation problem with n individuals. The first individual can consume any amount of a resource, leaving the remainder for the second individual, and so on. Motivated by the limitations associated with the cooperative or non-cooperative solutions, we propose a new approach from basic definitions of representativeness and equal treatment. The result is a unique asymptotic allocation rule for any number of individuals. We show that it satisfies a set of desirable properties.

Keywords: Sequential allocation rule, River sharing problem, Cooperative and non-cooperative games, Dictator and ultimatum games

JEL Classification: C79, D63, D74

Suggested Citation

Osório Costa, António Miguel, A Sequential Allocation Problem: The Asymptotic Distribution of Resources (June 3, 2014). Available at SSRN: https://ssrn.com/abstract=2784120 or http://dx.doi.org/10.2139/ssrn.2784120

António Miguel Osório Costa (Contact Author)

Universitat Rovira i Virgili ( email )

Av. de la Universitat 1
Reus, Tarragona 43204
Spain
(+34)977759891 (Phone)

HOME PAGE: http://gandalf.fcee.urv.es/departaments/economia/professors/aosorio/

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