Multi-commodity rationing problems with maxmin payoffs

Multi-commodity rationing problems with maxmin payoffs

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Article ID: iaor2014920
Volume: 79
Issue: 3
Start Page Number: 353
End Page Number: 370
Publication Date: Jun 2014
Journal: Mathematical Methods of Operations Research
Authors: ,
Keywords: game theory
Abstract:

We address a multi‐dimensional extension of standard rationing problems in which several commodities have to be shared among a set of agents who exhibit maxmin preferences on the results they obtain. In this context we investigate efficiency and introduce a property of stability which is supported on a transferable utility game. We also propose a procedure to construct rules for obtaining stable allocations for the special case where all commodities have the same weight.

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