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Cost–benefit analysis (CBA) gives rise to a whole range of philosophical issues. The most discussed among these is the status of economic values that are assigned to assets conceived as incommensurable with money, such as a human life or the continued existence of an animal species. CBA...
Persistent link: https://www.econbiz.de/10009395629
This paper studies life-cycle preferences over consumption and health status. We show that cost-effectiveness analysis is consistent with cost-benefit analysis if the Lifetime utility function is additive over time, multiplicative in the utility of consumption and the utility of health status,...
Persistent link: https://www.econbiz.de/10009447937
inundation analysis and floodplain risk mapping were conducted by applying the HEC-RAS model combined with GIS analysis. A … calibrated 100-year flood risk inundation map was considered as a basis for this research. This paper demonstrates applicability … of CVM combined with flood inundation analysis to understand public participation for flood risk management, and their …
Persistent link: https://www.econbiz.de/10010794721
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This paper accounts for the value of children and future generations in the evaluation of health policies. This is achieved through the incorporation of altruism and fertility in a "value of life" type of framework. We are able to express adults’ willingness to pay for changes in child...
Persistent link: https://www.econbiz.de/10005822923
We develop an indirect method to estimate utility and willingness to pay (WTP) for reductions in the risk of death at …
Persistent link: https://www.econbiz.de/10009191211