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This discussion paper resulted in a publication in <I>Land Economics</I> (2014). Volume 90(4), pages 717-745.<P> This paper contrasts the discovered preference hypothesis against the theory of coherent arbitrariness in a split-sample stated choice experiment on flood risk exposure in the Netherlands. A...</p></i>
Persistent link: https://www.econbiz.de/10011255753
In this paper, the annual maximum daily rainfall data from 1961 to 2010 are modelled for 18 stations in Taiwan. We fit the rainfall data with stationary and non-stationary generalized extreme value distributions (GEV), and estimate their future behaviour based on the best fitting model. The...
Persistent link: https://www.econbiz.de/10011255813
In this paper we use data from an SP study on flood safety in the Netherlands, and elicit individual preferences for reduction of risk to life and limb. We perform context analysis to test the robustness of fatality risk valuation throughout choice experiments. The main interest of this paper is...
Persistent link: https://www.econbiz.de/10011256155
This paper enriches existing valuation literature in a number of ways by presenting context-specific estimates of immaterial damage. First, it offers an estimation of value of statistical life (VOSL) in the context of a natural hazard (flooding). Next, as one of the contributions, alongside with...
Persistent link: https://www.econbiz.de/10011256324
This paper has two primary purposes. First, we fit the annual maximum daily rainfall data for 6 rainfall stations, both with stationary and non-stationary generalized extreme value (GEV) distributions for the periods 1911-2010 and 1960-2010 in Taiwan, and detect the changes between the two...
Persistent link: https://www.econbiz.de/10011256727
This paper uses the Kaldor-Hicks compensation principle to compute the present value (PV) of a non-marginal future event. Three theoretical results stand out: First, decreasing returns to capital create a wedge between the PV of future generations' willingness to pay (WTP) and the PV of their...
Persistent link: https://www.econbiz.de/10011256940
This paper analyzes two indexes in order to capture the volatility inherent in El Niños Southern Oscillations (ENSO), develops the relationship between the strength of ENSO and greenhouse gas emissions, which increase as the economy grows, with carbon dioxide being the major greenhouse gas, and...
Persistent link: https://www.econbiz.de/10011257017
This paper investigates the impact of the recent global recession on European countries and regions. We first present … several stylized facts as to the heterogeneous impact of the global recession on individual European countries and regions. We …
Persistent link: https://www.econbiz.de/10011256855
We study optimal government spending in a business cycle model with frictional unemployment. The Ramsey optimal policy …
Persistent link: https://www.econbiz.de/10011256990
In the past decades several features of U.S. unemployment dynamics have been investigated empirically. The original … focus of research was on the duration of unemployment. In later studies the cyclicality of incidence and duration …, compositional effects and duration dependence of the exit rate out of unemployment have been investigated. Unlike the partial …
Persistent link: https://www.econbiz.de/10011257090