Incentives to implement personalized medicine under second-best pricing.
Sign Up to like & getrecommendations! Published in 2022 at "Health economics"
DOI: 10.1002/hec.4588
Abstract: We characterize the socially optimal pricing policy inducing the implementation of personalized medicine. As a benchmark, we analyze the first-best allocation and the second-best optimal policy when only one treatment is available. Then, we characterize… read more here.
Keywords: pricing; second best; policy; personalized medicine ... See more keywords
Marine Ecosystem Considerations and Second-Best Management
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DOI: 10.1007/s10640-017-0125-8
Abstract: We compare how the long-run distribution of fishing activities is affected in multispecies fisheries when facing different second-best control rules: (1) species-specific landing regulation, and (2) global input regulation. We show how this depends on… read more here.
Keywords: second best; considerations second; marine ecosystem; best management ... See more keywords
Effective altruism despite the second-best challenge: Should indirect effects Be taken into account for policies for a better future?
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DOI: 10.1016/j.futures.2020.102568
Abstract: Abstract As there are many areas of inadequate optimization (departures), and resource limitation and information costs prevent the rectification of all these departures, the pursuit of a more desirable future through either private effective altruism… read more here.
Keywords: indirect effects; taken account; second best; effective altruism ... See more keywords
Land use policies considering a natural ecosystem
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DOI: 10.1016/j.regsciurbeco.2020.103552
Abstract: Abstract Some wildlife creatures, such as carnivores, disease-carrying mosquitoes, and virus, encroach into a city and harm human lives, but they are important in terms of wildlife conservation. This paper studies land use policies for… read more here.
Keywords: second best; city; city size; use policies ... See more keywords
Preference heterogeneity and congestion pricing: The two route case revisited
Sign Up to like & getrecommendations! Published in 2018 at "Transportation Research Part B: Methodological"
DOI: 10.1016/j.trb.2018.08.010
Abstract: This paper studies first-best and second-best congestion pricing in the presence of unobserved and observed preference heterogeneity using a stylised stochastic user equilibrium choice model. Travellers choose between multiple alternatives, have heterogeneous values of travel… read more here.
Keywords: congestion pricing; second best; preference heterogeneity; pricing ... See more keywords
Second-best urban tolls in a monocentric city with housing market regulations
Sign Up to like & getrecommendations! Published in 2018 at "Transportation Research Part B: Methodological"
DOI: 10.1016/j.trb.2018.08.014
Abstract: This paper investigates second-best congestion pricing in a monocentric city characterized by distortionary regulations in the housing market (building height restrictions, no-development areas and property taxation). We demonstrate that the welfare gain of a Pigouvian… read more here.
Keywords: housing market; monocentric city; second best; city ... See more keywords
Carpooling with heterogeneous users in the bottleneck model
Sign Up to like & getrecommendations! Published in 2019 at "Transportation Research Part B: Methodological"
DOI: 10.1016/j.trb.2019.07.003
Abstract: When drivers opt for carpooling, road capacity will be freed up, and this will reduce congestion. Therefore, carpooling is interesting for policy makers as a possible solution to congestion. We investigate the effects of carpooling… read more here.
Keywords: heterogeneous users; second best; users bottleneck; model ... See more keywords
Agency Contracts under Maximum-Entropy
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DOI: 10.3390/e23080957
Abstract: This article proposes the application of the maximum-entropy principle (MEP) to agency contracting (where a principal hires an agent to make decisions on their behalf) in situations where the principal and agent only have partial… read more here.
Keywords: second best; maximum entropy; output; entropy agency ... See more keywords
A Second-Best Analysis of Alternative Instruments for the Preservation of Natural Resources
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DOI: 10.3390/su12041562
Abstract: The literature on second-best environmental taxation provides us with a broad understanding of the welfare impacts of pollution regulation. However, most of the research undertaken to date has focused on environmental pollution, while other topics… read more here.
Keywords: second best; natural resources; welfare; preservation natural ... See more keywords