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Persistent link: https://www.econbiz.de/10003496496
This paper discusses a novel approach to elicit people s preferences for public goods, namely the life satisfaction approach. Reported subjective well-being data are used to directly evaluate utility consequences of public goods. The strengths of this approach are compared to traditional...
Persistent link: https://www.econbiz.de/10011402544
In many countries environmental policies and regulations are implemented to improve environmental quality and thus individuals' well-being. However, how do individuals value the environment? In this paper, we review the Life Satisfaction Approach (LSA) representing a new non-market valuation...
Persistent link: https://www.econbiz.de/10003897543
find a quarter of students violated the order. Yet, neither risk preference, altruism, nor preexisting health conditions …-existing health conditions may not voluntarily comply, resulting in higher health care congestion than otherwise expected. …
Persistent link: https://www.econbiz.de/10012213128
Welfare economic analysis of health issues and policies can provide well balanced orderings of the state of the economy …, health outcomes and social welfare for both a developing and a developed country. Economic growth can increase health … negative externalities which reduce health outcomes (particularly when biological health limits are reached). A new health …
Persistent link: https://www.econbiz.de/10011509333
This paper shows that increases in the minimum wage rate can have ambiguous effects on the working hours and welfare of employed workers in competitive labor markets. The reason is that employers may not comply with the minimum wage legislation and instead pay a lower subminimum wage rate. If...
Persistent link: https://www.econbiz.de/10003887172
Persistent link: https://www.econbiz.de/10003620158
The standard model of intertemporal choice assumes risk neutrality toward the length of life: due to additivity, agents are not sensitive to a mean preserving spread in the length of life. Using a survey fielded in the RAND American Life Panel (ALP), this paper provides empirical evidence on...
Persistent link: https://www.econbiz.de/10009730526
We define a class of risk-taking-neutral (RTN) background risks. These background risks have the property that they will not alter decisions made with respect to another risk, for individuals with HARA utility. If we wish to compare a decision made with and without some exogenous background...
Persistent link: https://www.econbiz.de/10009690709
We summarise our two sets of controlled experiments designed to see if single-sex classes within coeducational environments modify students' risk-taking attitudes. In Booth and Nolen (2012b), subjects are in years 10 and 11, while in Booth, Cardona-Sosa and Nolen (2014), they are first-year...
Persistent link: https://www.econbiz.de/10010344873