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...

In dealing with scarcity of resources within healthcare systems, decision-makers inevitably have to make choices about which services to fund. Setting priorities represents a challenging task that requires systematic, explicit and transparent methodologies with focus on economic efficiency. In addition, the engagement of the general public in the process of decision-making has been regarded as ...

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...

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...

Many studies in the 1970s and 1980s have examined the effects of the welfare system on individual behavior. All of these studies fail to appropriately consider low income housing assistance. Most studies have either ignored housing assistance or have implicitly assumed that there is no rationing in this program. This paper presents a simple model that measures the impact of rationing one public...

  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...

We conduct experiments on common value auctions with rationing. In each auction, the good is randomly allocated to one of the k highest bidders, at the (k+ 1) highest price. When k > 1, bidders are rationed. As the degree of rationing increases, the equilibrium bid function increases. Experimentally, we find that bidders suffer from the winner’s curse, and lose money on average. However, bids i...

T implement bedside rationing as described in Peter Ubel’s Pricing Life: Why It’s Time for Health Care Rationing would most certainly set medical ethics back 2500 years by ignoring the issue of patient trust, which gave rise to the traditional Hippocratic oath. The fundamental unit of health care is the physician–patient relationship. For physicians to knowingly withhold beneficial services fro...