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health and the market economy from which damage to these ecosystems stems as an integrated system. We find that willingness …
Persistent link: https://www.econbiz.de/10012462808
between the environment and individual well-being. First, in explicitly recognizing how optimizing behavior, particularly in … focus of analysis beyond traditional health outcomes to include measures of human capital, including labor supply … importance of health and human capital as an engine for economic growth, these findings underscore the role of environmental …
Persistent link: https://www.econbiz.de/10012459726
from a hedonic model of health care in which heterogenous individuals choose how much to spend on medical services that … their federal administrative records. The mean VSL is approximately $1 million at age 67 and increasing in health, income …
Persistent link: https://www.econbiz.de/10015145116
Recent research has documented a link between consumer risk preferences over health and the willingness to pay (WTP …) for medical technologies. However, the absence of empirical health risk preference estimates so far limits the … individual risk preference parameters over health-related quality of life (HRQoL) that shed light on health risk attitudes and …
Persistent link: https://www.econbiz.de/10014337758
The Trump Administration's tariffs created a wedge between mutually beneficial trades between China's producers and U.S. consumers. Moving production to nearby Vietnam allows firms to jump the tariff wall. Within Vietnam, cities closer to China with respect to distance and industrial mix grow...
Persistent link: https://www.econbiz.de/10015145077
This paper considers two central problems in our statistical frameworks which impair the ability to use wealth to assess economic sustainability or the impacts of economic downturns. Some increases in wealth may reflect increased economic rents--in particular, land and exploitation rents--and...
Persistent link: https://www.econbiz.de/10012457340
The problem of the commons is more important to our lives and thus more central to economics than a century ago when Katharine Coman led off the first issue of the American Economic Review. As the U.S. and other economies have grown, the carrying-capacity of the planet -- in regard to natural...
Persistent link: https://www.econbiz.de/10012462253
This article examines and quantifies the relationship between local amenities and prices in an equilibrium model, demonstrating the role of non-traded goods and federal taxes. I derive formulae using factor shares to infer local land rents, productivity, and the total value of amenities from...
Persistent link: https://www.econbiz.de/10012463668
This paper examines voluntary provision of a public good that is motivated, in part, to compensate for other activities that diminish the public good. Markets for environmental offsets, such as those that promote carbon neutrality to minimize the impact of climate change, provide an increasingly...
Persistent link: https://www.econbiz.de/10012464996
Using novel US environmental spill data, we document a robust negative relationship between the number of spills a firm experiences in a given year and its contemporaneous and lagged (but not future) cash flow. In addition, studying two natural experiments, we find an increase (decrease) in...
Persistent link: https://www.econbiz.de/10012453200