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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

Climate Change and Tourism in Tuscany, Italy. What if heat becomes unbearable?

Cai, Mattia; Ferrise, Roberto; Moriondo, Marco; Nunes, … - Fondazione ENI Enrico Mattei (FEEM) - 2011

This paper investigates the empirical magnitude of climate conditions on tourist flows in Tuscany, exploring the use of a fine spatial scale analysis. In fact, we explore the use of an 8-year panel dataset of Tuscany’s 254 municipalities, examining how tourist inflows respond to variation in...

Persistent link: https://www.econbiz.de/10009321001

Repeated Cheap-Talk Games of Common Interest between a Decision-Maker and an Expert of Unknown Statistical Bias

Valsecchi, Irene - Fondazione ENI Enrico Mattei (FEEM) - 2010

Two agents are engaged in a joint activity that yields a common perperiod payoff at two rounds of play. The expert announces the probability that the current state of the world is low, instead of high, at each stage. Having received the report of the expert, the decision-maker takes action at...

Persistent link: https://www.econbiz.de/10008828403

Endogenous Uncertainty and Market Volatility

Kurz, Mordecai; Motolese, Maurizio - Fondazione ENI Enrico Mattei (FEEM) - 1999

paper shows that the dynamics of asset prices are strongly affected by such correlation. The pattern of correlation which … was used in the model can be explained intuitively in terms of its effect on the dynamics of prices. The model correlation … model dynamics does not permit prices to shoot directly from the bottom to the top but the opposite is possible and takes …

Persistent link: https://www.econbiz.de/10005385431

Robust Multidimensional Welfare Comparisons: One Vector of Weights, One Vote

Athanassoglou, Stergios - Fondazione ENI Enrico Mattei (FEEM) - 2013

Many aspects of social welfare are intrinsically multidimensional. Composite indices at-tempting to reduce this complexity to a unique measure abound in many areas of economics and public policy. Comparisons based on such measures depend, sometimes critically, on how the different dimensions of...

Persistent link: https://www.econbiz.de/10010665510

Non-pecuniary Value of Employment and Individual Labor Supply

Farzin, Y. Hossein; Akao, Ken-Ichi - Fondazione ENI Enrico Mattei (FEEM) - 2004

Recognizing that people value employment not only to earn income to satisfy their consumption needs but also as a means of community involvement that provides socio-psychological (non-pecuniary) benefits, we show that once the non-pecuniary benefits of employment are incorporated in the standard...

Persistent link: https://www.econbiz.de/10008489611

Marginal External Costs of Peak and Non Peak Urban Transport in Belgium

Nocker, Leo De; Vergote, Stef; Vinckx, Luc; Wouters, Guido - Fondazione ENI Enrico Mattei (FEEM) - 1999

This paper discusses intermediate results of an ongoing research project to estimate all external costs from all transport modes in Belgium. It gives estimates of the marginal external costs of air pollution from urban transport. The evaluation of the environmental impacts is based on the...

Persistent link: https://www.econbiz.de/10005423053

Value Through Diversity: Microfinance and Islamic Finance and Global Banking

Ferro, Nicoletta - Fondazione ENI Enrico Mattei (FEEM) - 2005

Internet resources, extended media coverage and international organizations’ reports recently witness the increasing interest of western banks in new models of finance, particularly Islamic finance and microfinance. This new trend is not only channeled through the frame of corporate social...

Persistent link: https://www.econbiz.de/10005570238

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

Does Envy Destroy Social Fundamentals? The Impact of Relative Income Position on Social Capital

Torgler, Benno; Fischer, Justina A.V. - Fondazione ENI Enrico Mattei (FEEM) - 2006

Research evidence on the impact of relative income position on individual attitudes and behaviour is sorely lacking. Therefore, this paper assesses such positional impact on social capital by applying 14 different measurements to International Social Survey Programme data from 25 countries. We...

Persistent link: https://www.econbiz.de/10005230827