Optimal Rationing within a Heterogeneous Population
نویسندگان
چکیده
A government agency delegates to a provider (hospital, medical gatekeeper, school, social worker) the decision to supply a service or treatment to individual recipients. The agency does not perfectly know the distribution of individual treatment costs in the population. The single-crossing property is not satisfied when the uncertainty pertains to the dispersion of the distribution. We find that the provision of service should be distorted upwards when the first-best efficient number of recipients is sufficiently high. JEL classification numbers: I18, D82, D61
منابع مشابه
SERIE RESEHRCH mEmORMIDIl STOCHASTIC MARKET EQUILIBRIA WITH RATIONING AND LIMITED PRICE FLEXIBILITY
In this paper we consider a market where a heterogeneous population of individual actors demands units of various types of a heterogeneous good (e.g., housing) and also have the possibility to withdraw from the market. It is assumed that allocation on the market does not (completely)take place by means of the price mechanism, either because prices are completely fixed, or because they can only ...
متن کاملStrategic Capacity Rationing to Induce Early Purchases
D pricing offers the potential to increase revenues. At the same time, it creates an incentive for customers to strategize over the timing of their purchases. A firm should ideally account for this behavior when making its pricing and stocking decisions. In particular, we investigate whether it is optimal for a firm to create rationing risk by deliberately understocking products. Then, the resu...
متن کاملDETERMINATION OF OPTIMAL HEDGING RULE USING FUZZY SET THEORY FOR MULTI-RESERVOIR OPERATION
To deal with severe drought when water supply is insufficient hedging rule, based on hedging rule curve, is proposed. In general, in discrete hedging rules, the rationing factors have changed from a zone to another zone at once. Accordingly, this paper is an attempt to improve the conventional hedging rule to control the changes of rationing factors. In this regard, the simulation model has emp...
متن کاملOptimal production and rationing decisions in supply chains with information sharing
This paper considers a two-echelon capacitated supply chain with two non-identical retailers and information sharing. We characterize the optimal inventory policies. We also study the benefits of the optimal stock rationing policy over the first come first served (FCFS) and the modified echelon-stock rationing (MESR) policies. © 2006 Elsevier B.V. All rights reserved.
متن کاملProduction and Operations Management
W study the effect of strategic customer behavior on pricing and rationing decisions of a firm selling a single product over two periods. The seller may limit the availability of the product (that is, ration) in the second (clearance) period. Some customers are strategic and respond to the firm’s decisions by timing their purchases. When capacity is nonconstraining and the seller has pricing fl...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
عنوان ژورنال:
دوره شماره
صفحات -
تاریخ انتشار 2017