Discrete mixture (DM) models recognize the presence of heterogeneity across individuals in a given population. In the context of a public land use discrete choice experiment, we use DM models to allow for respondent behavior to probabilistically mix over multiple competing decision paradigms. We...

The capabilities approach claims that the freedom to achieve alternative ends is of primary moral importance to policy evaluation. We use a new Bayesian framework for estimating capabilities to conduct a capabilities-based impact evaluation of a prominent poverty-alleviation policy: cash...

Conventional approaches to targeting social safety net programs select beneficiaries on the basis of income or expenditure levels. We argue that these approaches neglect human diversity and agency, which can lead to counterintuitive targeting outcomes and thus a misallocation of benefits. In...

This paper investigates some of the immediate impacts of the Deepwater Horizon oil spill of 2010 on the environment using graphical means. The exploration focuses on the effects of the oil discharge on wildlife, the chemical pollution in the area following the spill, and salinity levels in the...

Although the leverage effect, i.e. a negative correlation between the return and volatility, and the inverse leverage effect have been suggested for equities and commodities, respectively, the existing studies suffer from an identification problem because they only model one asset. By using a...