Referring to the literature on optimal stopping under sequential sampling developed by Chernoff and collaborators, we solve a dynamic model of the economic evaluation of a new health technology, deriving optimal rules for technology adoption, research abandonment and continuation as functions of...

We develop a new model of addictive behavior that takes as a starting point the classic rational addiction model of Becker and Murphy, but incorporates uncertainty. We model uncertainty through the Wiener stochastic process. This process captures both random events such as anxiety, tensions and...

Scarf's economy has been a vehicle in understanding stability properties in exchange economies. The full set of market equilibria and Pareto optimal allocations for this economy has not been analysed. This paper aims to do that. Firstly, we examine the Pareto optima and we find three different...

This paper evaluates the impact of smoking bans on smoking using a policy change introduced by the UK government. We present a theoretical model of smoking that defines an individual’s life-cycle addiction and cigarette consumption in the presence and in the absence of a public smoking...

This paper proposes a new approach to the measurement of equality of opportunity in health, based on the path independent Atkinson index of equality. The proposed decomposition is applied both to the ex-ante and the ex-post methodologies recently adopted by the literature. The approach is...

An increasing amount of empirical evidence suggests that patients with higher socioeconomic status wait less within publicly-funded hospitals to receive non-emergency (elective) surgery. Using data from Australia, we investigate the extent to which such gradient can be explained by sample...

In adults, the negative relationship between smoking and income is well established. However divergent results have been reported on the impact of parental socioeconomic status on adolescent smoking. In this study we investigate the extent to which misclassification errors in self-reported...

In this study we analyze the relationship between heat events and mortality in Germany. The main research questions are: Does heat lead to rising mortality and if yes, are the eects persistent or compensated for in the near future? Furthermore, we consider dierences between heat eects in urban...

Home equity has a strong impact on individual health. In UK household panel data home equity lowers the likelihood of home owners exhibiting a broad range of medical conditions. This is due to increased use of private health care, reduced hours of work and increased exercise. Home equity, unlike...

This study presents credible estimates for the causal effect of a variation in obesity on employment. By exploring random assignment of a weight loss intervention based on monetary rewards, I provide convincing evidence that weight loss positively affects the employment prospects of obese women...