We analyze capital allocation in a conglomerate where divisional managers with uncertain abilities compete for promotion to CEO. A manager can sometimes gain by unobservably adding variance to divisional performance. Capital rationing can limit this distortion, increase productive efficiency, and allow the owner to make more accurate promotion decisions. Firms for which CEO talent is more impor...

The problem of distributing a single homogeneous divisible good among a variable set of agents, or the ‘rationing problem,’ is analyzed. Examples of rationing include bankruptcy, taxation, claims settlement, cost allocation, surplus sharing, and social choice problems. Agents are described by their personal characteristics, or types. A type may be an agent’s utility function, ]] preference orde...

background: this study attempted to investigate traffic accident fatalities during 2004-2009 and the effect of fuel rationing on traffic accident fatalities .   materials and methods: this was a cross-sectional study on available data of all traffic accident fatalities in fars province, iran, during 2004-2009. to identify and fit the best model, various instruments, including the autocorrelatio...