Allocation Under Uncertainty: a survey

An extension of the theory of allocation of resources to the case of uncertainty has been realised recently. After the pioneering article of Arrow [2], who with Allais [1] initiated this analysis, the field was explored by Baudier [4], and Debreu [7, 8] whose results have been somewhat generalised by Radner [14]. One can find stimulating discussions about the implications of the theory in Arrow [3], applications in Borch [5] and Hirshleifer [11], or critical comments on various aspects in Drèze [6].