APPLICATION OF A FAIR-DIVISION ALGORITHM TO EU RURAL DEVELOPMENT FUNDS ALLOCATION IN POLAND
Journal Title: INTERCATHEDRA - Year 2018, Vol 1, Issue 34
Abstract
The allocation of rural development budgets remains problematic due to multiple political measures, diversified groups of potential beneficiaries and difficulties in quantifying the effects of rural development policy. The emerging question is how to support the decision-makers in allocating rural development budgets so as to minimize conflicts of interest among stakeholders and ensure a fair allocation of resources. Therefore, the objective of this paper was to demonstrate that a fair-division algorithm proposed by Moulin (2003) may be effectively applied to allocate rural development budgets, as illustrated by the example of the Polish Rural Development Program. The results show that the procedure allocates the total budget among the program’s measures in a reasonable way. It reflects importance of measures, as rated by the beneficiaries, and the options for fund absorption. Moreover, as the procedure objectifies the decision process, it should improve the programs’ acceptance among stakeholders.
Authors and Affiliations
Ewa Kiryluk-Dryjska
Keywords
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