Computer Science in Economics and Management

, Volume 3, Issue 3, pp 215–237 | Cite as

A preference theory approach to decision analysis in resource allocation

  • H. Raghav Rao
  • James C. Moore
  • Andrew B. Whinston
Article

Abstract

This paper studies the allocation of discrete resources among multiple agents from a preference theory perspective. More specifically, the paper explores the process of decision making where:
  1. (a)

    information is obtained about the preference profiles of each agent

     
  2. (b)

    the information acquired is then used as a basis for finding a ‘socially’ optimal resource allocation, and

     
  3. (c)

    the costs involved in acquiring information are considered as an integral part of the process.

     

Key words

Decision making resource allocation preference theory 

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Copyright information

© Kluwer Academic Publishers 1990

Authors and Affiliations

  • H. Raghav Rao
    • 1
  • James C. Moore
    • 2
  • Andrew B. Whinston
    • 3
  1. 1.Jacobs Management CenterSUNY BuffaloBuffaloUSA
  2. 2.Krannert School of ManagementPurdue UniversityUSA
  3. 3.Graduate School of Business AdministrationUniversity of TexasAustinUSA

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