SERVICE: Selecting Educational Residencies with Value, Incentives, Cost, and Effectiveness

Incentives in Service Value Networks - on truthfulness, sustainability, and Interoperability

The concurrence of technical and behavioral trends – such as lightweight approaches for service composition and a rising demand for customized services – fosters the emergence of a novel organizational paradigm: Service Value Networks (SVN). Distributed and highly-specialized service providers contribute to an overall value proposition. SVNs provide means for the ad-hoc composition of services ...

Incentives in Core-Selecting Auctions

Incentives in Core-Selecting Auctions Paul Milgrom October 18, 2006 A “core-selecting auction mechanism” is a direct mechanism for a multi-item allocation problem that selects a core allocation with respect to the bidders’ reported values and the auctioneer’s exogenously given preferences. For every profile of others’ reports, a bidder has a best reply that is a truncation report. For every “bi...

Cost-effectiveness of financial incentives for smoking cessation in pregnancy.

Don’t Discount Societal Value in Cost-Effectiveness

As healthcare resources become increasingly scarce due to growing demand and stagnating budgets, the need for effective priority setting and resource allocation will become ever more critical to providing sustainable care to patients. While societal values should certainly play a part in guiding these processes, the methodology used to capture these values need not necessarily be limited to mul...

The Core Value of Cost-Effectiveness Analyses.

O ver the past 4 years, transcatheter aortic valve replacement (TAVR) has transformed the cardiac care of patients in the United States with severe aortic stenosis (SAS). In September 2011, a balloon-expandable prosthesis (Sapien, Edwards Lifesciences, Irvine, California) received U.S. Food and Drug Administration (FDA) approval for the treatment of inoperable patients on the basis of a randomi...