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...

This paper applies econometric models to investigate determinants of electrical energy Ž . consumption in post-war Lebanon. The impact of the Gross Domestic Product GDP , Ž . Ž . proxied by total imports TI , and degree days DD on electricity consumption is investigated over different time spans covering the period from 1993 to 1997. The time spans are chosen according to the rationing level of...

In this paper we discuss how three different public policy measures affect water storage controlled by hydropower producing firms. In particular we discuss measures to promote competition, increase transmission capacity and rationing. The analysis is conducted within the framework of an oligopoly model where 2 hydro producing firms engage in dynamic Bertrand competition. We extend this model to...

We study auctions of a single asset among symmetric bidders with a¢ liated values. We show that the second-price auction minimizes revenue among all e¢ cient auction mechanisms in which only the winner pays, and the price only depends on the losers’bids. In particular, we show that the k-th price auction generates higher revenue than the second-price auction, for all k > 2. If rationing is allo...

This paper considers a public provider’s strategic use of rationing in a market served by both public and private providers. Such a ‘mixed’ market structure is common in many industries such as health care, telecommunication, postal service, and public utilities. The technology in the private sector exhibits increasing returns: each firm can expend ‘effort’ in the form of fixed cost to reduce t...

The purpose of this paper is to extend the Rights Egalitarian solution (Herrero, Maschler & Villar, 1999) to the context of nontransferable utility sharing problems. Such an extension is not unique. Depending on the kind of properties we want to preserve we obtain two di¤erent generalizations. One is the "proportional solution", that corresponds to the Kalai-Smorodinsky solution for surplus sha...