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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 … quasi-experimental methods have access to statistically ideal instruments their performance in measuring general equilibrium …
Persistent link: https://www.econbiz.de/10012463692
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The Cost of Uncertain Life Span
Edwards, Ryan D. - 2008
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
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Altruism, Fertility, and the Value of Children : Health Policy Evaluation and Intergenerational Welfare
Birchenall, Javier A. - 2007
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
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Causal Inference from Hypothetical Evaluations
Bernheim, Bert Douglas; Björkegren, Daniel; Naecker, … - National Bureau of Economic Research - 2021
a laboratory experiment and through a field application …
Persistent link: https://www.econbiz.de/10012794643
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Paying for Kidneys? A Randomized Survey and Choice Experiment
Elias, Julio J. - 2019
fairness. We corroborate the interpretation of our findings with a choice experiment of a costly decision to donate money to a …
Persistent link: https://www.econbiz.de/10012479534
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Willingness to Pay and Willingness to Accept are Probably Less Correlated Than You Think
Chapman, Jonathan - 2017
to Prospect Theory or Stochastic Reference Dependence …
Persistent link: https://www.econbiz.de/10012453760
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Does Market Experience Eliminate Market Anomalies? The Case of Exogenous Market Experience
List, John A. - 2011
literature is that market experience is endogenous. This study presents a framed field experiment that exogenously induces market …
Persistent link: https://www.econbiz.de/10012461749
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Terminal Care and The Value of Life Near Its End
Philipson, Tomas J. - 2010
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
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Incorporating Search and Sales Information in Demand Estimation
Hortaçsu, Ali; Natan, Olivia R.; Parsley, Hayden; … - National Bureau of Economic Research - 2021
We propose an approach to modeling and estimating discrete choice demand that allows for a large number of zero sale observations, rich unobserved heterogeneity, and endogenous prices. We do so by modeling small market sizes through Poisson arrivals. Each of these arriving consumers then solves...
Persistent link: https://www.econbiz.de/10012794558
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The Economic and Policy Consequences of Catastrophes
Pindyck, Robert S. - 2009
How likely is a catastrophic event that would substantially reduce the capital stock, GDP and wealth? How much should society be willing to pay to reduce the probability or impact of a catastrophe? We answer these questions and provide a framework for policy analysis using a general equilibrium...
Persistent link: https://www.econbiz.de/10012463277