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Persistent link: https://www.econbiz.de/10010558308
For an axiomatic approach to a special solution of the Nash-bargaining problem we use a weakened form of invariance of the solution under affine linear transformations of utility which is motivated by behavioural studies on bounded rationality. Besides standard axioms a new compensation axiom is...
Persistent link: https://www.econbiz.de/10005812309
We report results of a survey of a representative sample of the German population in which respondents were asked for their willingness-to-pay (WTP) for either an extension of their life or an improvement in their health corresponding to a gain of one quality-adjusted life year (QALY). While one...
Persistent link: https://www.econbiz.de/10011266594
Standardized and transparent priority setting in medicine, desirable as it is, will generally exacerbate inter-temporal equity problems arising from changes in treatment priorities: when can it be fair that the treatment of already waiting patients who would have had priority under an...
Persistent link: https://www.econbiz.de/10010845752
It is assumed that medical guidelines specify the appropriate amount of a divisible good which each individual should receive. Individual requirements and probabilities that the treatment is successful if an appropriate amount is received differ. The same applies to the success probabilities if...
Persistent link: https://www.econbiz.de/10008457257
In our questionnaire experiment we confronted students of economics, law and medicine with distributive situations in different contexts characterised by two features inspired by medical decision problems: First, individual threshold values indicate minimal amounts needed by potential recipients...
Persistent link: https://www.econbiz.de/10010634372
In equal punishment games like in ultimatum games first a proposer suggests how to split the pie, i.e. a positive monetary reward. Unlike in ultimatum games, the responder can decide among many (for proposer and responder) equal penalty payments. To exclude negative payoffs, punishment was...
Persistent link: https://www.econbiz.de/10005812330
Several sets of axioms have been proposed to characterize rankings of opportunity sets in terms of freedom of choice. In these models it has been assumed that being in a position to choose from more options is preferred to having fewer options. We tested the empirical validity of that assumption...
Persistent link: https://www.econbiz.de/10005596422
We report results of a survey of a representative sample of the German population in which respondents were asked in various scenarios for their willingness-to-pay (WTP) for a gain of one quality-adjusted life year. While one version of the survey exactly copied the setting (online survey) and...
Persistent link: https://www.econbiz.de/10010659184
This paper presents a new framework for ranking procedures in terms of freedom of choice. The concept of game forms is used to model procedures as a structure of individuals' interactions. Sets of outcomes for an individual are represented by the individual's own perceptions of the social states...
Persistent link: https://www.econbiz.de/10008869487