Fair Allocation of Vaccines, Ventilators and Antiviral Treatments
Research Seminars: Virtual Market Design SeminarLeaving No Ethical Value Behind in Health Care Rationing
COVID-19 has revealed several limitations of existing mechanisms for rationing scarcemedical resources under emergency scenarios. Many argue that they abandon various ethicalvalues such as equity by discriminating against disadvantaged communities. Illustrating that these limitations are aggravated by a restrictive choice of mechanism, the authors formulate pandemicrationing of medical resources as a new application of market design and propose a reservesystem as a resolution. They develop a general theory of reserve design, introduce new concepts such as cutoff equilibria and smart reserves, extend previously-known ones such as sequentialreserve matching, and relate these concepts to current debates.
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