Showing 1 - 10 of 7,458
This paper provides a broad overview of recent trends in solid waste and recycling, related public policy issues, and … the economics literature devoted to these topics. Public attention to solid waste and recycling has increased dramatically … makers choose the efficient mix of policy levers to regulate solid waste and recycling activities. Economists have also …
Persistent link: https://www.econbiz.de/10013220080
Additional solid waste disposal imposes resource and environmental costs, but most residents still pay no additional …
Persistent link: https://www.econbiz.de/10013223580
We analyze data about cigarette tax compliance from the first national scale littered cigarette packs collection. We code each pack based on whether an appropriate tax had been paid at the location where it was found. Noncompliance across our 132 sample communities ranges from zero to one...
Persistent link: https://www.econbiz.de/10012984106
We provide a full behavioral characterization of the standard Shannon model of rational inattention. The key axiom is "Invariance under Compression", which identifies this model as capturing an ideal form of attention-constrained choice. We introduce tractable generalizations that allow for many...
Persistent link: https://www.econbiz.de/10012950055
preferences, habits, and jumps. The metrics describe the pricing kernel's dispersion (the entropy of the title) and dynamics (time … dependence, a measure of how entropy varies over different time horizons). We show how each model generates entropy and time … approximations -- clarifies the mechanisms underlying these models. It also reveals, in some cases, tension between entropy, which …
Persistent link: https://www.econbiz.de/10013122464
This paper examines the generation and management of solid waste (MSW) through the lens of economics. We estimate that … the global burden of MSW amounted to 1.3 billion metric tons in 1990, or 0.67 kilograms of waste per person per day … disposing of MSW vary widely across countries in accord with the nature of the waste stream and key features of the …
Persistent link: https://www.econbiz.de/10013222043
There is widespread agreement that the US healthcare system wastes as much as 5% of GDP, yet little consensus on what care is actually unproductive. This partly arises because of the endogeneity of patient choice of treatment location. This paper uses the effective random assignment of patients...
Persistent link: https://www.econbiz.de/10013025247
During World War II Americans were called upon repeatedly to salvage raw materials for the war effort, often during brief, highly publicized quot;drives.quot; Stories about the salvage drives are a staple in both popular and scholarly histories of the home front, and in film documentaries,...
Persistent link: https://www.econbiz.de/10012759821
We explore the term structures of claims to a variety of cash flows, namely, U.S. government bonds (claims to dollars), foreign government bonds (claims to foreign currency), inflation-adjusted bonds (claims to the price index), and equity (claims to future equity indexes or dividends). The...
Persistent link: https://www.econbiz.de/10012994905
entropy cost functions that better match this feature of the data and that retain key simplifying features of the Shannon …
Persistent link: https://www.econbiz.de/10013077941