This note investigates the standard Bertrand-Edgeworth duopolistic competition in which two firms sell a homogenous good and have an identical capacity constraint. We examine three firstcome, first-served rationing rules: a) high-to-low rationing where customers arrive in decreasing order of willingness to pay, b) proportional rationing where customer arrivals are independent of willingness to ...

Advanced technology in the USA is, in part, responsible for driving improvements in cancer care outcomes but also steep increases in the cost of cancer care delivery [1–3]. Whether or not the US healthcare system delivers highvalue care, which is defined as the quality of health outcomes divided by the cost of achieving those outcomes, is controversial. Despite much emphasis on comparative effe...

ISBN 978-1-906837-78-5 Cover design: lukejefford.com E ach day seems to bring fresh warnings of the pressuresbearing down on the NHS. As resources fail to keep trackof demand, the principle of universal healthcare is under threat as never before. Excessive waiting times, the rationing of new drugs, ambulances queuing up outside A&E, staff shortages, the list goes on. What has brought the NHS to...

BACKGROUND Bedside rationing by physicians is controversial. The debate, however, is clouded by lack of information regarding the extent and character of bedside rationing. DESIGN, SETTING, AND PARTICIPANTS We developed a survey instrument to examine the frequency, criteria, and strategies used for bedside rationing. Content validity was assessed through expert assessment and scales were test...

We study optimal public health care rationing and private sector price responses. Consumers differ in their wealth and illness severity (defined as treatment cost). Due to a limited budget, some consumers must be rationed. Rationed consumers may purchase from a monopolistic private market. We consider two information regimes. In the first, the public supplier rations consumers according to thei...

Rationing of health care in the United States currently exists via the covert mechanism of restricting significant segments of medical care for many of those who cannot afford it. Provision of universal health care would necessitate explicit rationing of certain interventions and technologies, even though an individual could afford them. The British and Canadian experiences provide lessons from...

A new concept of consistency for cost sharing solutions is discussed, analyzed, and related to the homonymous property within the rationing context. The class of additive and consistent mechanisms is isomorphic to the class of consistent and monotonic rationing methods. Consequently average and serial cost sharing are consistent, whereas Shapley-Shubik is not. Average cost sharing is the only s...