HYPOTHESIS Patients and their clinicians hold varying preferences for surgical and adjuvant treatment therapies for rectal cancer. DESIGN Preferences were determined using the Prospective Measure of Preference. SETTING Royal Prince Alfred and St Vincent's hospitals in Sydney, Australia. PARTICIPANTS Patients with colorectal cancer were interviewed during their postoperative hospital stay,...

An exchange economy is considered, where agents (insurers/banks) trade risks. Decision making takes place under distorted probabilities, which are used to represent either rank-dependence of preferences or ambiguity with respect to real-world probabilities. Pricing formulas and risk allocations, generalising the results of Bühlmann (1980, 1984) are obtained via the construction of aggregate pre...

G panels require the best evidence regarding patient values and preferences in making trade-offs between desirable and undesirable consequences of alternative management strategies. 1 We defi ne “values and preferences” as a broad term that includes patient perspectives, beliefs, expectations, and goals for their health and life, including the process that patients go through in weighing the po...

We show that relaxing the assumption of CES preferences in monopolistic competition has surprising implications when trade is restricted. Integrated and segmented markets behave differently, the latter typically exhibiting reciprocal dumping. Globalization and lower trade costs have different effects: the former reduces spending on all existing varieties, the latter switches spending from home ...

This paper implements a fair wage constraint in the fashion of Akerlof and Yellen (1990) into an analytically tractable core-periphery agglomeration model. This enables us to study the role of imperfect labour markets for the pattern of agglomeration. We illustrate that, in the short run, a marginal increase in fair wage preferences leads to an unambiguous compression of the national factor pri...

We consider the online problem of scheduling combination appointments for outpatients. Scheduling multiple appointments on a single day is high on the list of outpatient preferences. It is hard to achieve for two reasons: first, due to the typical distributed authority in hospitals, scheduling combination appointments requires coordination between departments. Second, there is a trade-off betwe...

We consider an exchange economy with time-inconsistent consumers whose preferences are additively separable. When these consumers trade in a sequence of markets, their time-inconsistency may introduce a non-convexity that gives them an incentive to trade lotteries. If there are many consumers, competitive equilibria with and without lotteries exist. The existence of symmetric equilibria may req...

Lijphart’s spectrum of democracies – recently expanded by Jack Nagel to a sub-majoritarian sphere of pluralitarian systems which use disproportional electoral systems in order to manufacture majority governments from minorities in the electorate – is based on only one dimension: inclusion of preferences. Political scientists in the Lijphartian tradition wrongly assume that inclusion of preferen...