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adult life span is about 15 years in the U.S., and theory and evidence suggest it is costly. I calibrate a utility …
Persistent link: https://www.econbiz.de/10012464552
spending. There exists no positive theory that attempts to explain the high degree of end-of life spending and why differences …
Persistent link: https://www.econbiz.de/10012465319
This paper accounts for the value of children and future generations in the evaluation of health policies. This is … evaluation of current policies. Our model clarifies a series of puzzles from the literature on the "value of life" and on …
Persistent link: https://www.econbiz.de/10012465820
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
Medical care at the end of life, estimated to contribute up to a quarter of US health care spending, often encounters skepticism from payers and policy makers who question its high cost and often minimal health benefits. However, though many observers have claimed that such spending is often...
Persistent link: https://www.econbiz.de/10012463001
Climate change is real and dangerous. Exactly how bad it will get, however, is uncertain. Uncertainty is particularly relevant for estimates of one of the key parameters: equilibrium climate sensitivity--how eventual temperatures will react as atmospheric carbon dioxide concentrations double....
Persistent link: https://www.econbiz.de/10012457766
We measure provider coverage networks for plans on the Massachusetts health insurance exchange using a two measures: consumer surplus from a hospital demand system and the fraction of population hospital admissions that would be covered by the network. The two measures are highly correlated, and...
Persistent link: https://www.econbiz.de/10012457854
We examine variation in local wage levels, housing costs, and commuting costs for 2071 areas covering the United States within and across metropolitan areas. In an equilibrium model of residential and workplace choice, we use these measures to construct a willingness-to-pay index for a typical...
Persistent link: https://www.econbiz.de/10012458743
We present a hedonic framework to estimate U.S. households' preferences over local climates, using detailed weather and 2000 Census data. We find that Americans favor an average daily temperature of 65 degrees Fahrenheit, will pay more on the margin to avoid excess heat than cold, and are not...
Persistent link: https://www.econbiz.de/10012459736
This paper analyzes pharmaceutical pricing between and within countries to achieve second best static and dynamic efficiency. We distinguish countries with and without universal insurance, because insurance undermines patients' price sensitivity, potentially leading to prices above second-best...
Persistent link: https://www.econbiz.de/10012460068