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By contrast, when actions are observed between the two periods, a large subset of feasible and individually rational allocations can be obtained as strategic equilibria.
De Trenquale ([1992]) defined a dynamic mechanism different from the MDP Procedure, that implements with local dominant strategies a Pareto efficient and individually rational allocations in a general two-agent model.
This paper presents a system dynamics computer simulation model to illustrate unintended consequences of apparently rational allocations to curative and preventive services.
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He prefers rationing that is based on price because, he says, "prices produce a rational allocation of scarce resources".
Why? From a public-safety standpoint, it's not a rational allocation of resources.
The act holds promise for more rational allocation and consumption of scarce resources.
If anything, based on a rational allocation of capital, R&D should now be consuming less resource.
We do need "more rational allocation and consumption of scarce resources," and the creation of the Independent Payment Advisory Board is the right step in that direction.
Above all, though, they were written by free men, who did not cringe before the censor, who could call plainly for the abolition of serfdom, say, instead of "the rational allocation of economic forces".
Even at the best times in my career, I was never deluded into thinking I had achieved any sort of rational allocation between my life at work and my life outside.
A new round of fiscal reforms is also likely, leading to more rational allocation of resources between the central and local governments, which are struggling to rebuild weakened rural pension and health care systems and manage the largest urbanization in human history in a sustainable way, while paying for unfunded mandates from Beijing and maintaining job growth.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com