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The Welfare Costs of HIV/AIDS in Eastern Europe: An Empirical Assessment Using the Economic Value-of-Life Approach

Fimpel, Julia; Stolpe, Michael - Institut für Weltwirtschaft (IfW) - 2006

Based on the aggregation of individual willingness-to-pay for a statistical life, we calibrate an intertemporal optimization model to determine the aggregate welfare losses from HIV/AIDS in 25 Eastern European countries. Assuming a discount rate of three percent, we find a total welfare loss for...

Persistent link: https://www.econbiz.de/10005755131

Optimal Sequencing of Antiretroviral Drug Cocktails under Uncertainty and Irreversibility

Bezabih, Mintewab; Stolpe, Michael - Institut für Weltwirtschaft (IfW) - 2007

This paper develops a real options approach to the optimal sequencing of antiretroviral drug cocktails for HIV/AIDS patients in resource-poor settings. The analysis focuses on the implications of endogenous resistance mutations in the virus that reduce or eliminate the effectiveness of...

Persistent link: https://www.econbiz.de/10005755161

Risk Preferences may be Time Preferences: A Comment on Andreoni and Sprenger (2012)

Schmidt, Ulrich - Institut für Weltwirtschaft (IfW) - 2014

In an intensively discussed paper, Andreoni and Sprenger (2012) , henceforth A&S, present an experiment where subjects can allocate money between two different points of time under the condition of risk. A&S claim that their results refute discounted expected utility (DEU) as well as prospect...

Persistent link: https://www.econbiz.de/10010886922

A tale of two debt crises: a stochastic optimal control analysis

Stein, Jerome L. - Institut für Weltwirtschaft (IfW) - 2009

Banks should evaluate whether a borrower is likely to default. The author applies several techniques in the extensive mathematical literature of stochastic optimal control/dynamic programming to derive an optimal debt in an environment where there are risks on both the asset and liabilities...

Persistent link: https://www.econbiz.de/10008561122

Optimal Health and Retirement Policies amid Population Aging

Hostenkamp, Gisela; Stolpe, Michael - Institut für Weltwirtschaft (IfW) - 2008

This paper develops a simple analytical framework in which optimal health and retirement policies amid population aging can be discussed. To be efficient, these policies must recognize and exploit the dynamic complementarities between the timing of retirement, the size of lifecycle labour income...

Persistent link: https://www.econbiz.de/10005755145

The Impact of New Drug Launches on the Loss of Labor from Disease and Injury: Evidence from German Panel Data

Bui, Van; Stolpe, Michael - Institut für Weltwirtschaft (IfW) - 2007

This paper studies the evolution of early retirement due to disease and injury in the German labor force between 1988 and 2004. Using data from the German Federation of Public Pension Providers, the IMS Health Drug Launches database and the WHO Mortality Database, we show that new drug launches...

Persistent link: https://www.econbiz.de/10005755195

Wechselkursunsicherheit und Außenhandel: Eine Analye der theoretischen Literatur

Fischer, Malte - Institut für Weltwirtschaft (IfW) - 1997

The impact of exchange rate uncertainty on international trade has been discussed controversially in economic policy … the influence of exchange rate uncertainty on trade, conclude that exchange rate uncertainty has a negative impact on the … assumptions in order to better reflect reality, these extended modeis show that under certain conditions exchange rate uncertainty …

Persistent link: https://www.econbiz.de/10009276144

Uncertainty and economic analysis of climate change : a survey of approaches and findings

Peterson, Sonja - Institut für Weltwirtschaft (IfW) - 2006

frameworks and techniques for analyzing climate policy in the context of uncertainty. This paper will give an overview of …

Persistent link: https://www.econbiz.de/10010955710

Ex-ante regulation and ex-post liability under uncertainty and irreversibility: governing the coexistence of GM crops

Beckmann, Volker; Soregaroli, Claudio; Wesseler, Justus - Institut für Weltwirtschaft (IfW) - 2009

standard model is advanced by including irreversibility and uncertainty and taking into account transaction costs of …

Persistent link: https://www.econbiz.de/10008561127

The Contribution of Economics to the Analysis of Climate Change and Uncertainty: A Survey of Approaches and Findings

Peterson, Sonja - Institut für Weltwirtschaft (IfW) - 2004

analysis of climate change is confronted with a large degree of uncertainty and (c) that these uncertainties need to be taken … task is to provide formal frameworks and techniques for analyzing climate policy in the context of uncertainty. The aim of …

Persistent link: https://www.econbiz.de/10005818798

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