The Division of Scarce Resources

Fair international protocols for the abatement of GHG emissions

“…This model refers to one of the oldest problems in the history of economic thought, which can be traced back to Aristotle and the Talmud. Recently, there has been a growing interest to provide extensions of the benchmark model to deal with related complex problems (e.g., Ju et al 2007, Ju and Moreno-Ternero, 2017, Chambers and Moreno-Ternero, 2019). One instance is the so-called rationing problems in the presence of baselines (e.g., Hougaard et al, 2012Hougaard et al, , 2013aHougaard et al, , 2013b).…”

“…The last axiom requires that the allocation should be additive in resources. 9 Note that, in our problem, given historical emissions h and emission target E, the total amount to be allocated is determined by E −h. The amount to be divided under (h + h ′ , E + E ′ ) equals the sum of the amount to be divided under (h, E) and the amount to be divided under (h ′ , E ′ ).…”

Aggregator operators for dynamic rationing

“…We referred in the introduction to the case of food rationing in refugee camps. Another instance is the allocation of public resources (collected via taxes by a central government) among the regional governments of a country, with a certain degree of decentralization, when the government approves the budget for the upcoming fiscal year (Chambers and Moreno-Ternero, 2019). University budgeting procedures (Pulido et al, 2002(Pulido et al, , 2008, some resource allocation procedures in the public health care sector (Daniels, 2016), protocols for the reduction of greenhouse gas emissions (Ju et al, 2019), or the allocation of revenues collected from selling broadcasting rights of (typically, yearly) sports leagues (Bergantiños and Moreno-Ternero, 2019) can also fit this general setting.…”