Showing 1 - 10 of 220
. Because of the substantial heterogeneity in VSLs by income and demographic characteristics, symmetric tradeoff rates generate …
Persistent link: https://www.econbiz.de/10014296515
vary. The experiment implements two marginal return types, low and high, and uses the information that members have about … the heterogeneity to identify the applied contribution norm. If agents are aware of the heterogeneity, contributions … aware of the heterogeneity but contributions cannot be linked to types. Our results underline the importance of the …
Persistent link: https://www.econbiz.de/10010278412
vary. The experiment implements two marginal return types, low and high, and uses the information that members have about … the heterogeneity to identify the applied contribution norm. If agents are aware of the heterogeneity, contributions … aware of the heterogeneity but contributions cannot be linked to types. Our results underline the importance of the …
Persistent link: https://www.econbiz.de/10008868135
regressions with intercept heterogeneity. Latent heterogeneity is econometrically important and affects the estimated VSL. Our …
Persistent link: https://www.econbiz.de/10010277335
The most enduring measure of how individuals make personal decisions affecting their health and safety is the compensating wage differential for job safety risk revealed in the labor market via hedonic equilibrium outcomes. The decisions in turn reveal the value of a statistical life (VSL), the...
Persistent link: https://www.econbiz.de/10013177758
Our research clarifies the conceptual linkages among willingness to pay for additional safety, willingness to accept less safety, and the value of statistical life (VSL). We present econometric estimates that in the important case of workers' decisions concerning exposure to fatal injury risk...
Persistent link: https://www.econbiz.de/10010287645
Due to Federal regulations, automobile air bag availability was a model-specific discontinuous function of model year for used vehicles in the 1990s and early 2000s. We use these discontinuities and the gradual increase in the supply of air bags to trace out the demand curve for air bags and the...
Persistent link: https://www.econbiz.de/10010289902
Due to Federal regulations, automobile air bag availability was a model-specific discontinuous function of model year for used vehicles in the 1990s and early 2000s. We use these discontinuities and the gradual increase in the supply of air bags to trace out the demand curve for air bags and the...
Persistent link: https://www.econbiz.de/10011252272
regressions with intercept heterogeneity. Latent heterogeneity is econometrically important and affects the estimated VSL. Our …
Persistent link: https://www.econbiz.de/10008527320
Our research clarifies the conceptual linkages among willingness to pay for additional safety, willingness to accept less safety, and the value of statistical life (VSL). We present econometric estimates that in the important case of workers' decisions concerning exposure to fatal injury risk...
Persistent link: https://www.econbiz.de/10011096076