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Measuring Ex-Ante Welfare in Insurance Markets

Hendren, Nathaniel - 2018

The willingness to pay for insurance captures the value of insurance against only the risk that remains when choices are observed. This paper develops tools to measure the ex-ante expected utility impact of insurance subsidies and mandates when choices are observed after some insurable...

Persistent link: https://www.econbiz.de/10012922971

Measuring Welfare and Spillover Effects of Ranking Information

Zou, Wenbo; Gao, Wenzheng - 2021

Ranking information is often provided to improve task performance, yet its welfare and spillover effects are rarely measured. We measure these effects in a controlled laboratory experiment, in which participants conduct a simple cognitive task and report their willingness-to-pay (WTP) to receive...

Persistent link: https://www.econbiz.de/10013211798

Alternative measures of the distribution of economic welfare

Taussig, Michael K. - 1973

Persistent link: https://www.econbiz.de/10012879428

Prices and welfare : a comparative analysis of measures and computational methods

Araar, Abdelkrim; Verme, Paolo - In: Empirical economics : a journal of the Institute for … 57 (2019) 4, pp. 1077-1101

Persistent link: https://www.econbiz.de/10012115270

Welfare measurement in imperfect markets : a growth theoretical approach

Aronsson, Thomas; Löfgren, Karl-Gustaf; Backlund, Kenneth - 2004

This book cleverly integrates the research on welfare measurement and social accounting in imperfect market economies …. In their previously acclaimed volume, Welfare Measurement, Sustainability and Green National Accounting, the authors … emerging issues in social accounting -- 9. Welfare measurement under uncertainty …

Persistent link: https://www.econbiz.de/10011851736

A conceptual exploration and critical inquiry into the theoretical foundation(s) of economic welfare measures

Slycken, Jonas Van der; Bleys, Brent - In: Ecological economics : the transdisciplinary journal of … 176 (2020), pp. 1-10

Persistent link: https://www.econbiz.de/10012490367

Measuring individual economic well‐being and social welfare within the framework of the system of national accounts

Jorgenson, Dale Weldeau; Schreyer, Paul - In: The review of income and wealth : journal of the … 63 (2017), pp. 460-477

Persistent link: https://www.econbiz.de/10011819594

Measuring Ex-Ante Welfare in Insurance Markets

Hendren, Nathaniel - 2018

Revealed-preference measures of willingness to pay (WTP) capture the value of insurance only against the risk that remains when choosing insurance. This paper provides a method to translate observed market WTP and cost curves into an ex-ante value of insurance that can analyze the impact of...

Persistent link: https://www.econbiz.de/10012453244

Money Metric, Consumer Surplus and Welfare Measurement

Hillinger, Claude - 2003

empirical measures. Key Words: Cost-of-living, Consumer Surplus, Money Metric, Real Consumption, Welfare measurement …

Persistent link: https://www.econbiz.de/10014178559

Money Metric, Consumer Surplus and Welfare Measurement

Hillinger, Claude - 2003

The paper provides a rigorous derivation of the "welfare triangle approximation" (WTA), which is at the center of cost benefit analysis. The result is generalized by showing that the WTA is one of two dual expressions, one of which approximates the change in real consumption, the other the...

Persistent link: https://www.econbiz.de/10014140526