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This article reviews the economics literature dealing with valuation of reduced environmental risks to children … absolute risk reductions for their children than they are willing to pay for corresponding risk reductions for themselves …
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We show that the prevalence of prolonged tennis contests drops sharply when the ambient environment deteriorates through heat or pollution. We develop a multi-battle dynamic model to investigate how the disutility from a protracted competition shapes agents' willingness to fight on. Our theory...
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