| Article ID: | iaor2014109 |
| Volume: | 211 |
| Issue: | 1 |
| Start Page Number: | 179 |
| End Page Number: | 191 |
| Publication Date: | Dec 2013 |
| Journal: | Annals of Operations Research |
| Authors: | sterdal Lars, Moreno-Ternero Juan, Hougaard Jens |
We introduce a new operator for general rationing problems in which, besides conflicting claims, individual baselines play an important role in the rationing process. The operator builds onto ideas of composition, which are not only frequent in rationing, but also in related problems such as bargaining, choice, and queuing. We characterize the operator and show how it preserves some standard axioms in the literature on rationing. We also relate it to recent contributions in such literature.