Gasoline accounts for about half the U.S. consumption of petroleum products, and its price is the most visible among these products. As such, changes in gasoline prices are always under public scrutiny. Many claim to observe an asymmetric relationship between gasoline and oil prices—specifically that gasoline prices respond more quickly when oil prices are rising than when oil prices are fallin...

Swiss-CHAT’s playful approach to public rationing can be considered in terms of deliberative process design as well as in terms of health policy. The process’ forced negotiation of trade-offs exposed unexamined driving questions, and challenged prevalent presumptions about health care demand and about conditions of public reasoning that enable transparent rationing. While the experiment provide...

Health care should be preferentially allocated to younger patients. This is just and is seen as just. Age is an objective factor in rationing decisions. The arguments against 'ageism' are answered. The effects of age on current methods of rationing are illustrated, and the practical applications of an age-related criterion are discussed. Ageist policies are in current use and open discussion of...

The paper presents a general equilibrium model of a developing economy, in which the wealth distribution, the interest rate and the wage are endogenous and interact dynamically. A credit market imperfection due to limited enforcement results in credit rationing and occupational choice constraints, leading to inefficiency. Credit rationing is shown to persist as the economy develops. We also arg...

Gasoline prices have significant effects on traffic safety. However, existing literature has failed to adequately investigate the effects: the literature has examined only fatal incidents rather than total traffic incidents. This study analyzes the effects of gasoline prices on total traffic incidents and on the incidents by age and gender. The results suggest that gasoline prices have negative...

In this paper, the use of gasoline combinations with ethanol and nano oxide particles has been studied in gasoline-based SI EF7 engines. The mixtures are prepared in five emulsions of gasoline with 10% ethanol, gasoline with 10% ethanol and 10ppm nano Mn2O3, gasoline with  10% ethanol and 20ppm nano Mn2O3, gasoline with 10% ethanol and 10ppm nano Co<s...

In the U.S., the regulatory approach to automobile fuel choices has consisted almost exclusively of mandated changes in autos and fuel availability. This contrasts with Europe, where di®erential taxes and fees have been used to encourage the use of unleaded gasoline and diesel fuel. I use data for 48 states from 1980 to 1989 to estimate the e®ect of price di®erences between leaded and unleaded ...

In this paper, we consider an inventory problem with two demand classes having different priorities. The appropriate policy of rationing the available stock, i.e. reserving some stock for meeting prospective future demand of preferred customers at the expense of deliberately losing some of the currently materialized demand of lower demand class(es), relies on the estimation of the future demand...