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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
Persistent link: https://www.econbiz.de/10010558308
Social health care systems are inevitably confronted with the scarcity of resources and the resulting distributional challenges. Since prioritization implies distributional effects, decisions on respective rules should take citizens’ preferences into account. Thus, knowledge about citizens’...
Persistent link: https://www.econbiz.de/10011111920
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
In equal punishment games first the proposer suggests how to split the pie, i.e. a positive monetary reward. Unlike in the ultimatum game, the responder can decide among many (for proposer and responder) equal penalty payments. To exclude negative payoffs, punishment was bounded from above...
Persistent link: https://www.econbiz.de/10010983689
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
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
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