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The value of preventing a fatality or (saving) a statistical life is an important question in health economics as well as environmental economics. This paper reviews and adds new insights to several of the issues discussed in the literature. For example, how do we define the value of a...
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Abel (2002) shows that pessimism and doubt in the subjective distribution of the growth rate of consumption reduce the riskfree rate puzzle and the equity premium puzzle. We quantify the amount of pessimism and doubt in survey data on US consumption and income. Individual forecasters are in fact...
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This paper presents empirical evidence of the international integration of Swedish economic historians. Contrary to the claims of a recent national evaluation of the discipline, the Swedish shares of international publications and conference presentations are robustly below available...
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. -- decision theory ; discrete choice ; uncertainty ; monotonicity …
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