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Robustness of VSL Values from Contingent Valuation Surveys

Alberini, Anna - Fondazione ENI Enrico Mattei (FEEM) - 2004

This paper examines factors that may influence the estimates of the Value of a Statistical Life obtained from contingent valuation surveys that elicit the willingness to pay (WTP) for mortality risk reductions. We examine the importance of distributional assumptions, the choice of the welfare...

Persistent link: https://www.econbiz.de/10005423106

Willingness to Pay to Reduce Mortality Risks: Evidence from a Three-Country Contingent Valuation Study

Alberini, Anna; Hunt, Alistair; Markandya, Anil - Fondazione ENI Enrico Mattei (FEEM) - 2004

Valuing a change in the risk of death is a key input into the calculation of the benefits of environmental policies that save lives. Typically such risks are monetized using the Value of a Statistical Life (VSL). Because the majority of the lives saved by environmental policies are those of...

Persistent link: https://www.econbiz.de/10005230824

Optimal Disease Eradication

Hoel, Michael; Barrett, Scott - Fondazione ENI Enrico Mattei (FEEM) - 2004

Using a dynamic model of the control of an infectious disease, we derive the conditions under which eradication will be optimal. When eradication is feasible, the optimal program requires either a low vaccination rate or eradication. A high vaccination rate is never optimal. Under special...

Persistent link: https://www.econbiz.de/10005230862

Eliciting the Demand for Long Term Care Coverage: A Discrete Choice Modelling Analysis

Brau, Rinaldo; Bruni, Matteo Lippi - Fondazione ENI Enrico Mattei (FEEM) - 2006

We evaluate the demand for long term care (LTC) insurance prospects in a stated preference context, by means of the results of a choice experiment carried out on a representative sample of the Emilia-Romagna population. Choice modelling techniques have not been used yet for studying the demand...

Persistent link: https://www.econbiz.de/10005385377

Thirteen Plus One: A Comparison of Global Climate Policy Architectures

Aldy, Joseph E.; Barrett, Scott; Stavins, Robert N. - Fondazione ENI Enrico Mattei (FEEM) - 2003

global climate change. We employ six criteria to evaluate the policy proposals: environmental outcome, dynamic efficiency …, cost effectiveness, equity, flexibility in the presence of new information, and incentives for participation and compliance … environmental outcome and efficiency, and between cost-effectiveness and incentives for participation and compliance. …

Persistent link: https://www.econbiz.de/10005423122

The Stability of Exchange Networks

Dogan, Gönül; Assen, M.A.L.M. van; Rijt, Arnout van de; … - Fondazione ENI Enrico Mattei (FEEM) - 2007

This paper develops a formal model of exchange network stability that combines expected value theory (Friedkin 1995) with the economic literature on network dynamics. We identify stable networks up to size 8 for varying costs and investigate whether they are Pareto efficient and egalitarian....

Persistent link: https://www.econbiz.de/10005230832

Bidding for Complex Projects: Evidence From the Acquisitions of IT Services

Albano, Gian Luigi; Dini, Federico; Zampino, Roberto - Fondazione ENI Enrico Mattei (FEEM) - 2008

Competitive bidding (as auctions) is commonly used to procure goods and services. Public buyers are often mandated by law to adopt competitive procedures to ensure transparency and promote full competition. Recent theoretical literature, however, suggests that open competition can perform poorly...

Persistent link: https://www.econbiz.de/10005230837

Climate Policies: a Burden or a Gain?

Bréchet, Thierry; Tulkens, Henry - Fondazione ENI Enrico Mattei (FEEM) - 2013

That climate policies are costly is evident and therefore often creates major fears. But the alternative (no action) also has a cost. Mitigation costs and damages incurred depend on what the climate policies are; moreover, they are substitutes. This brings climate policies naturally in the realm...

Persistent link: https://www.econbiz.de/10010904921

The Market Value of Variable Renewables

Hirth, Lion - Fondazione ENI Enrico Mattei (FEEM) - 2012

The income that wind and solar power receive on the market is affected by the variability of their output. At times of high availability of the primary energy source, they supply electricity at zero marginal costs, shift the supply curve (merit-order curve) to the right and thereby reduce the...

Persistent link: https://www.econbiz.de/10010904938

The Impact of Ambiguity Prudence on Insurance and Prevention

Berger, Loïc - Fondazione ENI Enrico Mattei (FEEM) - 2015

Most decisions concerning (self-)insurance and self-protection have to be taken in situations in which a) the effort exerted precedes the moment uncertainty realises, and b) the probabilities of future states of the world are not perfectly known. By integrating these two characteristics in a...

Persistent link: https://www.econbiz.de/10011268586