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Do Minimum Legal Tobacco Purchase Age Laws Work?
Yörük, Ceren Ertan; Yörük, Baris K. - CESifo - 2014
(MLTPA) laws on smoking behavior among young adults. Using data from the confidential version of National Longitudinal Survey … the MLTPA on several indicators of smoking among youth is minor and often insignificant. However, we also show that … granting legal access to cigarettes and tobacco products at the MLTPA leads to an increase in several indicators of smoking …
Persistent link: https://www.econbiz.de/10010877666
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Seasonality in Smoking Behaviour: Re-evaluating the Effects of the 2005 Public Smoking Ban in Italy
Bono, Emilia Del; Grünberger, Klaus; Vuri, Daniela - CESifo - 2014
This paper investigates the impact of the public smoking ban which came into effect in Italy on January 2005 on … individual smoking behaviour. Current empirical evidence supports the existence of a negative effect of the Italian ban on … smoking prevalence and consumption in the general population. This is in contrast to what has been found in some other …
Persistent link: https://www.econbiz.de/10011082833
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Evaluating Nationwide Health Interventions when Standard Before-After Doesn't Work: Malawi's ITN Distribution Program
Deuchert, Eva; Wunsch, Conny - CESifo - 2010
Nationwide health interventions are difficult to evaluate as contemporaneous control groups do not exist and before-after approaches are usually infeasible. We propose an alternative semi-parametric estimator that is based on the assumption that the intervention has no direct effect on the...
Persistent link: https://www.econbiz.de/10008572497
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Investment Policy for Time-Inconsistent Discounters
Harstad, Bård - CESifo - 2013
This paper explores how a principal with time-inconsistent preferences invests optimally in technology or capital. If the current principal prefers her future self to save more, she can increase current investments complementary to future savings and decrease investments in the strategic...
Persistent link: https://www.econbiz.de/10010877709
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Combining Rights and Welfarism: A New Approach to Intertemporal Evaluation of Social Alternatives
Long, Ngo Van; Martinet, Vincent - CESifo - 2012
We propose a new criterion which reflects both the concern for welfare (utility) and the concern for rights in the evaluation of economic development paths. The concern for rights is captured by a pre-ordering over combinations of thresholds (floors or ceilings on various quantitative...
Persistent link: https://www.econbiz.de/10009651182
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Once Upon a Time Preference - How Rationality and Risk Aversion Change the Rationale for Discounting
Traeger, Christian - CESifo - 2012
The paper develops an axiomatic framework for rational decision making. The von Neumann-Morgenstern axioms give rise to a richer risk attitude than that captured in the standard discounted expected utility model. I derive three models that permit a more comprehensive risk evaluation. These...
Persistent link: https://www.econbiz.de/10010544183
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Why Uncertainty Matters - Discounting under Intertemporal Risk Aversion and Ambiguity
Traeger, Christian - CESifo - 2012
Uncertainty has an almost negligible impact on project value in the economic standard model. I show that a comprehensive evaluation of uncertainty and uncertainty attitude changes this picture fundamentally. The analysis relies on the discount rate, which is the crucial determinant in balancing...
Persistent link: https://www.econbiz.de/10009645646
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Carbon Prices for the Next Thousand Years
Gerlagh, Reyer; Liski, Matti - CESifo - 2012
Climate is a persistent asset, bar none: changes in climate-related stocks have consequences spanning over centuries or possibly millennia to the future. To reconcile the discounting of such far-distant impacts and realism of the shorter-term decisions, we consider hyperbolic time-preferences in...
Persistent link: https://www.econbiz.de/10010554825
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Probability Adjusted Rank-Discounted Utilitarianism
Asheim, Geir B.; Zuber, Stéphane - CESifo - 2014
We propose and axiomatize probability adjusted rank-discounted critical-level generalized utilitarianism (PARDCLU). We thus generalize rank-discounted utilitarianism (RDU) (proposed by Zuber and Asheim, 2012) to variable population and risky situations and thereby take important steps towards...
Persistent link: https://www.econbiz.de/10010756162
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Benefit-Cost Analysis of Environmental Projects: A Plethora of Systematic Biases
Graves, Philip E. - CESifo - 2010
There are many reasons to suspect that benefit-cost analysis applied to environmental policies will result in policy decisions that will reject those environmental policies. The important question, of course, is whether those rejections are based on proper science. The present paper explores...
Persistent link: https://www.econbiz.de/10008511597