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On Inferring Demand for Health Care in the Presence of Anchoring, Acquiescence, and Selection Biases
Bhattacharya, Jay - 2010
bidding game to infer willingness to pay. Anchoring bias occurs when the willingness to pay estimate is sensitive to the … initially presented starting value. Acquiescence bias occurs when survey respondents exhibit a tendency to answer 'yes' to … participate, selection bias raises concerns about the representativeness of the sample. In this paper, we estimate students …
Persistent link: https://www.econbiz.de/10012759461
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Is the Endangered Species Act Endangering Species?
List, John A. - 2007
We develop theory and present a suite of theoretically consistent empirical measures to explore the extent to which market intervention inadvertently alters resource allocation in a sequentialmove principal/agent game. We showcase our approach empirically by exploring the extent to which the...
Persistent link: https://www.econbiz.de/10012778096
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Should We Drill in the Arctic National Wildlife Refuge? An Economic Perspective
Kotchen, Matthew J. - 2010
This paper provides model-based estimates of the value of oil in Alaska's Arctic National Wildlife Refuge (ANWR). The best estimate of economically recoverable oil in the federal portion of ANWR is 7.06 billion barrels of oil, a quantity roughly equal to US consumption in 2005. The oil is worth...
Persistent link: https://www.econbiz.de/10012759996
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Crowding in with Impure Altruism : Theory and Evidence from Volunteerism in National Parks
Kotchen, Matthew - 2019
This paper makes three contributions to the literature on private provision of public goods. First, we identify limitations of the frequently used specification test that distinguishes between the standard models of pure and impure altruism based on the extent of crowding out. While the...
Persistent link: https://www.econbiz.de/10012859684
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Global Benefits of Marine Protected Areas
Rising, James - 2014
Case studies suggest that Marine Protected Areas (MPAs) can be effective tools for fishery management. This study uses global datasets of MPAs and stock assessments to estimate the strength and robustness of their benefits. We apply multiple models, including a treatment-control pairing, a...
Persistent link: https://www.econbiz.de/10013056856
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Reservation Prices : An Economic Analysis of Cigarette Purchases on Indian Reservations
DeCicca, Philip - 2014
The special legal status of Indian tribes in the U.S. means that state excise taxes are not necessarily collected on cigarette purchases on Indian reservations. We focus on two under-studied but basic empirical economic questions this raises. Using novel data from New York surveys that asked...
Persistent link: https://www.econbiz.de/10013039707
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Estimating the Value of a Statistical Life : The Importance of Omitted Variables and Publication Bias
Ashenfelter, Orley - 2011
In this paper we show that omitted variables and publication bias lead to severely biased estimates of the value of a …
Persistent link: https://www.econbiz.de/10013132340
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Estimating Dynamic Discrete Choice Models with Hyperbolic Discounting, with an Application to Mammography Decisions
Fang, Hanming - 2010
application of adult women's decisions to undertake mammography to evaluate the importance of present bias and naivety in the … under-utilization of this preventive health care. Our results show evidence for both present bias and naivety …
Persistent link: https://www.econbiz.de/10013137310
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Sticking with What (Barely) Worked
Lefgren, Lars - 2011
Outcome bias occurs when an evaluator considers ex-post outcomes when judging whether a choice was correct, ex-ante. We … formalize this cognitive bias in a simple model of distorted Bayesian updating. We then examine strategy changes made by …
Persistent link: https://www.econbiz.de/10013119785
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Heaping-Induced Bias in Regression-Discontinuity Designs
Barreca, Alan I. - 2011
direction of the bias varies with bandwidth choice and the location of the data heaps relative to the treatment threshold …
Persistent link: https://www.econbiz.de/10013120302