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option values, the internal rate of return - a cornerstone of classical human capital theory - is not a useful guide to …
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resolution of uncertainty and option values, the internal rate of return - a cornerstone of classical human capital theory - is …
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option values, the internal rate of return - a cornerstone of classical human capital theory - is not a useful guide to …
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This chapter uses the marginal treatment effect (MTE) to unify and organize the econometric literature on the evaluation of social programs. The marginal treatment effect is a choice-theoretic parameter that can be interpreted as a willingness to pay parameter for persons at a margin of...
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