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We explore the economic effects of biodiversity loss by developing an ecologically-founded model that captures how …, which depends, among other things, on the distribution of biodiversity losses across ecosystem functions. We discuss how … these fragility measures can help policymakers assess the risks induced by biodiversity loss and prioritize conservation …
Persistent link: https://www.econbiz.de/10014635641
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Does student aid increase college attendance or simply subsidize costs for infra-marginal students? Settling the question empirically is a challenge, because aid is correlated with many characteristics that influence educational investment decisions. A shift in financial aid policy that affects...
Persistent link: https://www.econbiz.de/10012471359
The durability of health care treatment, the substantial technical change in health care treatment, and the prevalence of third-party payment interact to create substantial difficulty in measuring the price and output of health care. This paper provides a framework for analyzing the demand for...
Persistent link: https://www.econbiz.de/10012471836
We make four main contributions in this paper related to the theory and practice of benefit cost analysis (BCA). First …
Persistent link: https://www.econbiz.de/10013172111
In what follows we provide a conceptually correct procedure for determining whether a risky project passes the "potential Pareto improvement" welfare criterion which forms the normative basis of cost-benefit analysis. In this approach the role of secondary markets in providing opportunities for...
Persistent link: https://www.econbiz.de/10012478938
Striking evidence is presented of a previously unremarked transformation of urban structure from mainly sectoral to mainly functional specialization. We offer an explanation showing that this transformation is inextricably interrelated with changes in firms' organization. A greater variety of...
Persistent link: https://www.econbiz.de/10012469599
This paper points out the similarities and differences between cost-benefit analysis and tax reform. By restricting the analysis to the margin it is shown that both areas can be handled by the same method. In both areas, there is a need to define social distributional weights and to evaluate the...
Persistent link: https://www.econbiz.de/10012470667
This paper examines the role of medical care in improving health and compares that value of better health produced by medical care with the costs of that care. Valuing medical care requires measuring the health of the population. We start by developing a measure of the nation's health capital --...
Persistent link: https://www.econbiz.de/10012471916