Numerous attempts have been made to evaluate economic impacts by climate change, and the evaluation method can be classified into two approaches. One is a partial equilibrium approach and the other is a general equilibrium approach. The former method includes a travel cost method (TCM) and a...

Shirakami Mountain Range has the largest primeval forest in the world, and has some public functions; the biodiversity function, the water resource cultivation function, the health and recreation function and so on. This study tries to measure its environmental economic value by using the travel...

The 2011 Great East Japan Earthquake hereafter, 'the Earthquake' and the accident involving radiation leakage at Tokyo Electric Power Company's Fukushima Nuclear Power Plant No. 1 hereafter, 'NPP No. 1' brought fame to Fukushima Prefecture but not in a positive way. In general, economic damage...

In our research we measured tourist satisfaction at the destination Portorož - Piran. The survey was conducted with the continuous monitoring methodology, according to the criteria given by the Directorate for Tourism of Slovenia, along with their standardized questionnaire for tourist...

Tourism is one of the most vulnerable industries when facing a global threat of sanitary, economic, or military considerations. From an economic activity comprising nearly 3% of the country's GDP, the tourism has dropped to a flat zero in Romania. For three months, specifically March - May 2020,...

In 2004, the German Social Health Insurance introduced a co-payment for the first doctor visit in a calendar quarter. I combine a structural model of health care demand and a difference-in-differences strategy to estimate the effect of that reform on the number of visits. In the model, the...

The fractional probit (or fractional logit) model is used when the outcome variable is a fractional response variable, i.e. a variable taking a value between zero and one. In case of excess zeros, the fractional probit model might not be the optimal modeling device since this model does not...

Using the microdata of the Michigan Survey of Consumers, we evaluate whether U.S. consumers form macroeconomic expectations consistent with different economic concepts. We observe that 50\% of consumers have expectations consistent with the Income Fisher equation, 46\% with the Taylor rule and...

The recent index proposed in Ellison & Glaeser (1997) is now well established as the preferred method for measuring localization of economic activity. We critically review this index and build on the McFadden’s Random Utility (Profit) Maximization framework to develop an alternative measure...

This research project ranks German regions with help of interregional migration data instead of gross domestic product, household incomes, unemployment or quality of life estimates. Therefore we estimate regional utility differentials for German states and planning regions following the approach...