In this paper we derive a set of conditions that is both necessary and sufficient for the consistency of QALY based decision making with life-cycle preferences over consumption and health status. Cost benefit analysis is always consistent with life-cycle preferences over consumption and health...

Background: Trials in Africa indicate that medical adult male circumcision (MAMC) reduces the risk of HIV by 60%. MAMC may avert 2 to 8 million HIV infections over 20 years in sub-Saharan Africa and cost less than treating those who would have been infected. This paper estimates the financial...

Background. The introduction of a new generation of atypical antipsychotic agents has raised difficult economic and ethical questions, particularly in lower-income countries. The reported tolerability and efficacy advantages of the atypical antipsychotics over their conventional predecessors...

This paper demonstrates the application of cost effectiveness analysis and cost benefit analysis to alternative avalanche risk reduction strategies in Davos, Switzerland. The advantages as well as limitations of such analysis for natural hazards planning are discussed with respect to 16...

Melbourne, Australia faced fourteen consecutive years of below average rainfall before drought breaking rains in 2010. Melbournians are also concerned about the significant increase in potable water price in the future where the cost is expected to increase by 100% in 5 years. Stormwater...

As a means to improve the school quality in Indonesia, Indonesian government introduced and encouraged two different kinds of programs: The International Standard Schools and Acceleration Class Program. Both programs are expected to contribute to improve the quality of education system in...

Theoritically, spatially targeted environmental policies are considered optimal, since economic agents tune their efforts according to their environment. But this advantage can be undermined by the high cost of information. We posit that it is possible to reduce the spatial scale and...

Theoritically, spatially targeted environmental policies are considered optimal, since economic agents tune their efforts according to their environment. But this advantage can be undermined by the high cost of information. We posit that it is possible to reduce the spatial scale and...

We see a weakness of the merit-based government scholarship program for students from poor families, Bidik Misi, as most of them fail to meet the minimum academic requirement. This paper provide a policy simulation that compares two programs, private tutoring voucher (PTV) and conditional cash...