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The gap between willingness-to-pay (WTP) and willingness-to-accept (WTA) benefit values typifies situations in which reference points — and direction of movement from reference points — are consequential. Why WTA-WTP discrepancies arise is not well understood. We generalize models of...
Persistent link: https://www.econbiz.de/10013113519
In 1938, Harold Hotelling argued that the optimum of the general welfare corresponds to the sale of everything at marginal cost and that therefore government revenues should be used to subsidize all industries having large fixed costs. Ronald Coase's 1946 article The Marginal Cost Controversy...
Persistent link: https://www.econbiz.de/10012772800
Regulatory reforms across European countries have attempted to increase consumer welfare by introducing competition and choice into public service markets. But it has been questioned whether reforms have benefited all people equally, suggesting that vulnerable groups of service users are...
Persistent link: https://www.econbiz.de/10012936839
We investigate the effect of both research and consulting on higher education teaching quality at the individual level … horizon, under the assumption of positive spillovers from research to both consulting opportunities and teaching, and of life … cycle effects on incentives. Propositions from the model are tested against teaching evaluation data from a mid …
Persistent link: https://www.econbiz.de/10010406281
Persistent link: https://www.econbiz.de/10002570353
Persistent link: https://www.econbiz.de/10013425653
fatal accidents. The evaluation of fatal accident costs crucially depends on theavailability of an estimate for the economic … depends on the research method, as there is asignificant difference between stated and revealed preference studies. It also … the initial level of risk to be caught up in a fatal traffic accident as well as the riskdecline implied by the research …
Persistent link: https://www.econbiz.de/10011304399
Our research addresses fundamental long - standing concerns in the compensating wage differentials literature and its … applying panel data, a new and more accurate fatality risk measure, and systematic selection of panel estimator in our research …
Persistent link: https://www.econbiz.de/10013316766
This paper accounts for the value of children and future generations in the evaluation of health policies. This is … evaluation of current policies. Our model clarifies a series of puzzles from the literature on the "value of life" and on …
Persistent link: https://www.econbiz.de/10013317066
Background: Economic evaluation (EE) is a dynamically advancing knowledge area of health economics. It has been … the economic evaluation remain open for discussion. Academic literature offers a large number and growing variety of EE … comprehensive EE definition. Several methodologies were used to achieve the research objective: identification of related peer …
Persistent link: https://www.econbiz.de/10011890361