The economic evaluation of health care programs can be carried out from two different perspectives: the hospital's narrow perspective and the social perspective, which includes all costs. It is well known that, depending on the perspective, the economic evaluation may lead to discrepant...

Concede-and-divide is a well-known and widely accepted procedure to solve bankruptcy situations involving two agents. In a recent paper, Moreno-Ternero and Villar (2004) characterize it by means of a new property, called securement, that imposes a lower bound on the awards agents might obtain....

The ethic of 'priority' is a compromise between the extremely compensatory ethic of 'welfare equality' and the needs-blind ethic of 'income equality.' We propose an axiom of priority, and characterize resource allocation rules that are impartial, prioritarian, and solidaristic. They comprise a...