Showing 1 - 10 of 6,436
This paper reexamines the design of the optimal lockdown strategy by paying attention to its robustness to the postulated social welfare criterion. We first characterize optimal lockdown under utilitarianism, and we show that this social criterion can, under some conditions, imply a COVID19...
Persistent link: https://www.econbiz.de/10013314954
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We estimate the marginal external congestion cost of motor-vehicle travel for Rome, Italy, using a methodology that accounts for hypercongestion (a situation where congestion decreases a road’s throughput). We show that the external cost – even when roads are not hypercongested...
Persistent link: https://www.econbiz.de/10012867018
Empirical welfare analyses often impose stringent parametric assumptions on individuals’ preferences and neglect unobserved preference heterogeneity. In this paper, we develop a framework to conduct individual and social welfare analysis for discrete choice that does not suffer from these...
Persistent link: https://www.econbiz.de/10013228344
There are two important problems in welfare benefit programs: the prevalence of welfare fraud, in which ineligible people receive welfare benefits, and incomplete take-up, whereby eligible poor people are reluctant to claim welfare benefits. This study investigates both of these opposing...
Persistent link: https://www.econbiz.de/10013315183
Existing evidence of inequality aversion relies on data from class-room experiments where subjects face hypothetical questions. This paper estimates the magnitude of inequality aversion using representative survey data, with questions related to the real-economy situations the respondents face....
Persistent link: https://www.econbiz.de/10013317002
Persistent link: https://www.econbiz.de/10001345027
of estimated ‘home bias’, demonstrating the importance of shared languages for domestic integration. To highlight the …
Persistent link: https://www.econbiz.de/10013249655
This paper explores the dynamics of press freedom around events that threaten or oust the incumbent regime of a country …. While democracies on average grant the press more freedom, our theoretical starting point is that democracies and … government. We estimate the dynamics of press freedom around both failed and successful coups and find that although press …
Persistent link: https://www.econbiz.de/10012908729
Persistent link: https://www.econbiz.de/10010383761