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Corruption and reform : lessons from America's economic history

Glaeser, Edward L. (ed.); Goldin, Claudia (contributor) - 2006

Persistent link: https://www.econbiz.de/10013480814

Giglio, Stefano; Kuchler, Theresa; Stroebel, Johannes; … - National Bureau of Economic Research - 2024

We explore the economic effects of biodiversity loss by developing an ecologically-founded model that captures how different species interact to deliver the ecosystem services that complement other factors of economic production. Aggregate ecosystem services are produced by combining several...

Persistent link: https://www.econbiz.de/10014635641

Smoke from Factory Chimneys : The Applied Economics of Air Pollution in the Progressive Era

Banzhaf, H. Spencer; Walsh, Randall P. - National Bureau of Economic Research - 2024

Like today, one hundred years ago air pollution was a matter of grave concern in the world's most polluted cities. In the wake of its famous 1908-9 social survey, the City of Pittsburgh commissioned an "Economic Survey of Pittsburgh" from John T. Holdsworth, a prominent institutional economist...

Persistent link: https://www.econbiz.de/10014528368

Theory and Measurement : Emergence, Consolidation and Erosion of a Consensus

Biddle, Jeff E. - 2016

We identify three separate stages in the post-World War II history of applied microeconomic research: A generally non-mathematical period; a period of consensus (from the 1960s through the early 1990s) characterized by the use of mathematical models, optimization and equilibrium to generate and...

Persistent link: https://www.econbiz.de/10012456423

The Incubator of Human Capital : The NBER and the Rise of the Human Capital Paradigm

Goldin, Claudia; Katz, Lawrence F. - National Bureau of Economic Research - 2020

The human capital construct is deep in the bones of economics and finds reference by many classical economists, even if … they did not use the phrase. The term "human capital," seldom mentioned in economics before the 1950s, increased starting … to 2019, the use of human capital among NBER books increased from 5% to 25%, whereas all economics books changed from 3 …

Persistent link: https://www.econbiz.de/10012482089

Measuring the Value of a Statistical Life : Problems and Prospects

Ashenfelter, Orley - 2006

Tradeoffs between monetary wealth and fatal safety risks are summarized in the value of a statistical life (VSL), a measure that is widely used for the evaluation of public policies in medicine, the environment, and transportation safety. This paper demonstrates the widespread use of this...

Persistent link: https://www.econbiz.de/10012466755

Integrating Ethical Values and Economic Value to Steer Progress in Artificial Intelligence

Korinek, Anton - 2019

Economics and ethics both offer important perspectives on our society, but they do so from two different viewpoints - the central focus of economics is how the price system in our economy values resources; the central focus of ethics is the moral evaluation of actions in our society. The rise of...

Persistent link: https://www.econbiz.de/10012480076

Multiple Price Lists for Willingness to Pay Elicitation

Jack, B. Kelsey; McDermott, Kathryn; Sautmann, Anja - National Bureau of Economic Research - 2022

Multiple price lists are a convenient tool to elicit willingness to pay (WTP) in surveys and experiments, but choice patterns such as "multiple switching" and "never switching" indicate high error rates. Existing measurement approaches often do not provide accurate standard errors and cannot...

Persistent link: https://www.econbiz.de/10013388789

Where Does Energy R&D Come From? Examining Crowding Out from Environmentally-Friendly R&D

Popp, David - 2009

Recent efforts to endogenize technological change in climate policy models demonstrate the importance of accounting for the opportunity cost of climate R&D investments. Because the social returns to R&D investments are typically higher than the social returns to other types of investment, any...

Persistent link: https://www.econbiz.de/10012463226

Measuring Capital

Diewert, W. Erwin - 2003

The paper revisits Harper, Berndt and Wood (1989) and calculates Canadian reproducible capital services aggregates … under alternative assumptions about the form of depreciation, the opportunity cost of capital and the treatment of capital … (4) above. We consider 3 alternative assumptions about the interest rate and the treatment of capital gains so that we …

Persistent link: https://www.econbiz.de/10012469176