Showing 1 - 10 of 2,571
In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since … investment research. For example, not including factor prices in investment models may seriously affect the model outco! mes … can explain to a large extent why empirical estimates of the investment-uncertainty relationship differ. …
Persistent link: https://www.econbiz.de/10011349194
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We develop a model for museum visits and estimate it on a large sample of holders of a museum card that provides free … find substantial local interest effects that cause a correlation between the attractiveness of a museum and its distance to …
Persistent link: https://www.econbiz.de/10011343274
We assess the monetary value of the noise damage, caused by aircraft noise nuisance around Amsterdam Airport, as the sum of hedonic house price differentials and a residual cost component. The residual costs are assessed from a survey, including an ordinal life satisfaction scale, on which...
Persistent link: https://www.econbiz.de/10011334840
This paper investigates second-best congestion pricing in a monocentric city characterized by distortionary, rigid regulatory mechanisms in the housing market (building height restrictions, zoning and property taxation). The Pigouvian toll is shown to retain its optimality under any setting with...
Persistent link: https://www.econbiz.de/10010464784
This review considers the role of environmental effects in transport investment appraisal, mainly from the perspective …
Persistent link: https://www.econbiz.de/10011327843
impossible if futu re generations are entitled to a world without climate change; and an environmental trust fund - no matter how …
Persistent link: https://www.econbiz.de/10010227375
Gollier and Weitzman (2010) show that if future consumption discount rates are uncertain and persistent, the consumption discount rate should decline to its lowest possible value for events in the most distant future. In this paper, I argue that the lowest possible growth rate of consumption per...
Persistent link: https://www.econbiz.de/10010227389
An expected utility based cost-benefit analysis is in general fragile to its distributional assumptions. We derive necessary and sufficient conditions on the utility function of the expected utility model to avoid this. The conditions ensure that expected (marginal) utility remains finite also...
Persistent link: https://www.econbiz.de/10010412466