Biography:

In the past John McMillan has collaborated on articles with R.Preston McAfee and Sharon Lawn. One of their most recent publications is Auctions with a stochastic number of bidders☆. Which was published in journal Journal of Economic Theory.

More information about John McMillan research including statistics on their citations can be found on their Copernicus Academic profile page.

John McMillan's Articles: (4)

Auctions with a stochastic number of bidders☆

AbstractAuction theory is generalized by allowing the number of bidders to be stochastic. In a first-price sealed-bid auction with bidders having constant absolute risk aversion, the expected selling price is higher when the bidders do not know how many other bidders there are than when they do know this. Thus the seller should conceal the number of bidders if he can. Moreover, a bidder's ex ante expected utility is the same whether or not there is a policy of concealing the number of bidders: concealment therefore Pareto-dominates announcement. With risk-neutral bidders, the optimal auction is the same whether or not the bidders know who their competitors are.

EthicsAllocation of Resources

AbstractNo health system in the world can provide all patients with the best possible care. Nevertheless, different countries spend different proportions of their gross domestic expenditure on health care – the UK spends 6.9%, Italy 7.6%, France 9.6%, Germany 10.5% and the USA 14.2%. Perhaps the key question is: ‘How much should we spend on health care?’ However, this contribution focuses on the question: ‘Given that there is only a limited amount of money available for health care, how should we spend it?’Resource allocation decisions involve a bewildering array of possible criteria. Some resource allocation theorists have attempted to formulate general theories or principles that can help us think through allocation decisions. This contribution begins by distinguishing different levels of allocation decision, then examines a hypothetical case study to illustrate the range of factors that can be appealed to in allocation decisions. Three theoretical attempts that have been made to deal with the complexity of allocation factors are also discussed – the quality-adjusted life-year (QALY), lottery theory and needs theory.

Self ManagementChronic condition self-management: Expectations of responsibility

AbstractObjectiveWhile self-management may be beneficial for many patients it assumes and encourages a particular conception of responsibility and self-management that may not fit with all patients’ experience of their chronic conditions and their management. It therefore warrants further examination.MethodsWe examine the concept of self-management and responsibility from a range of standpoints, focusing on the Australian context.ResultsAttempts to meet people's needs run the risk of imposing specific conceptions of how people should live their lives. While self-management appears to be consistent with placing patients’ needs, values and priorities at the heart of healthcare, ill-defined assumptions about responsibility may confound these goals.ConclusionsReflection on social determinants of health, the context in which patients seek self-management support from health services, and how their needs and preferences are listened to by health professionals, is critical for the collaborative self-management partnership between them to be effectively realized.Practice implicationsProviding services without reflecting on the meaning of self-management for the person with chronic conditions creates unintended assumptions about responsibility, engagement and care provision which may serve to alienate and further stigmatise some patients. Often, these are the very patients with complex needs who need such service support the most.

Assisted reproduction

AbstractAssisted reproduction in the UK is regulated by the Human Fertilisation and Embryology Authority, which is required to regulate in accordance with the requirement of the Human Fertilisation and Embryology Act (1990) that the welfare of children that might result from assisted reproduction should be considered. This contribution raises an important problem in how we can think of the welfare of such children and demonstrates how this makes a difference for how we think of so-called ‘saviour siblings’.

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