Showing 1 - 10 of 890
that may explain the apparent public-decision bias toward protecting identified lives …
Persistent link: https://www.econbiz.de/10012753987
Uncertainty has an almost negligible impact on project value in the economic standard model. I show that a comprehensive evaluation of uncertainty and uncertainty attitude changes this picture fundamentally. The analysis relies on the discount rate, which is the crucial determinant in balancing...
Persistent link: https://www.econbiz.de/10013110758
based on proper science. The present paper explores sources of bias in the methods used to evaluate environmental policy in …
Persistent link: https://www.econbiz.de/10013094430
Should public assets such as infrastructure, education, and the environment earn the same return as private investments? We consider if time-inconsistent decision-makers can gain from institutions that enforce cost-benefit rules on large projects that influence the economy as a whole. Long-term...
Persistent link: https://www.econbiz.de/10013093884
This study examines the relationship between healthcare expenditure and disposable income in the 50 US states over the period 1966-2009 using fractional integration and cointegration techniques. The degree of integration and non-linearity of both series are found to vary considerably across...
Persistent link: https://www.econbiz.de/10013019858
Airport noise is costly. Airport location is typically associated with lower property prices. Airport expansion often sparks protests by local residents. In this paper, I provide new evidence on the costs of airport-related noise (and other disamenities of airports) for individuals. In contrast...
Persistent link: https://www.econbiz.de/10013095734
The Nordic countries have the lowest maternal and child mortality rates in the world. This has not always been the case. In 1887 the mortality rates in Norway were similar to those of developing countries today. During the next 34 years, Norwegian maternal mortality was halved and infant...
Persistent link: https://www.econbiz.de/10012926501
We study the impact of social health insurance on mortality. Using the introduction of compulsory health insurance in the German Empire in 1884 as a natural experiment, we estimate flexible difference-in-differences models exploiting variation in eligibility for insurance across occupations. Our...
Persistent link: https://www.econbiz.de/10012932916
We show that ambiguity aversion increases the value of a statistical life as soon as the marginal utility of wealth is higher if alive than dead. The intuition is that ambiguity aversion has a similar effect as an increase in the perceived baseline mortality risk, and thus operates as the "dead...
Persistent link: https://www.econbiz.de/10013316532
Nationwide health interventions are difficult to evaluate as contemporaneous control groups do not exist and before-after approaches are usually infeasible. We propose an alternative semi-parametric estimator that is based on the assumption that the intervention has no direct effect on the...
Persistent link: https://www.econbiz.de/10013144025