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Evaluating Rubin's Causal Model for Measuring the Capitalization of Environmental Amenities

Klaiber, H. Allen - 2009

This paper outlines a new framework for gauging the properties of quasi-experimental estimates of the willingness to pay (WTP) for changes in environmental and other non-market amenities. As a rule, quasi-experimental methods cannot offer alternative hypotheses to judge the quality of their...

Persistent link: https://www.econbiz.de/10012463692

The Quality of Ideas : Measuring Innovation with Multiple Indicators

Lanjouw, Jean O. - 1999

We model early expectations about the value and technological importance ('quality') of a patented innovation as a latent variable common to a set of four indicators: the number of patent claims, forward citations, backward citations and family size. The model is estimated for four technology...

Persistent link: https://www.econbiz.de/10012471439

Bayesian Performance Evaluation

Baks, Klaas - 1999

This paper proposes a Bayesian method of performance evaluation for investment managers. We begin with a flexible set …

Persistent link: https://www.econbiz.de/10012471727

Mortality Risk, Insurance, and the Value of Life

Bauer, Daniel - 2018

illness can significantly increase the value of statistical life, helping to reconcile theory with empirical findings that …

Persistent link: https://www.econbiz.de/10012480708

Estimation and Evaluation of DSGE Models : Progress and Challenges

Schorfheide, Frank - 2011

advances in the estimation and evaluation of DSGE models, discusses current challenges, and provides avenues for future …

Persistent link: https://www.econbiz.de/10012461876

Building Bridges Between Structural and Program Evaluation Approaches to Evaluating Policy

Heckman, James J. - 2010

This paper compares the structural approach to economic policy analysis with the program evaluation approach. It offers …

Persistent link: https://www.econbiz.de/10012462546

Instruments of development : Randomization in the tropics, and the search for the elusive keys to economic development

Deaton, Angus S. - 2009

randomized controlled trials (RCTs) to accumulate credible knowledge of what works, without over-reliance on questionable theory …-based evaluation of projects is unlikely to lead to scientific progress in the understanding of economic development. I welcome recent … trends in development experimentation away from the evaluation of projects and towards the evaluation of theoretical …

Persistent link: https://www.econbiz.de/10012463957

Equity Depletion from Government-Guaranteed Debt

Hall, Robert E. - 2008

Government guarantees of private debt deplete equity. The depletion is greatest during periods when the probability of a guarantee payoff is highest. In a setting otherwise subject to Modigliani-Miller neutrality, firms issue guaranteed debt up to the limit the government permits. Declines in...

Persistent link: https://www.econbiz.de/10012464068

Fear of Rejection? Tiered Certification and Transparency

Farhi, Emmanuel - 2008

The sub-prime crisis has shown a harsh spotlight on the practices of securities underwriters, which provided too many complex securities that proved to ultimately have little value. This uproar calls attention to the fact that the literature on intermediaries has carefully analyzed their...

Persistent link: https://www.econbiz.de/10012464190

The Value of Life in General Equilibrium

Jena, Anupam - 2008

Perhaps the most important change of the last century was the great expansion of life itself -- in the US alone, life expectancy increased from 48 to 78 years. Recent economic estimates confirm this claim, finding that the economic value of the gain in longevity was on par with the value of...

Persistent link: https://www.econbiz.de/10012464490

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