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-related benefits that would have accrued if these vaccination requirements had been implemented as intended. Compared with the … vaccination rates observed in January 2022, we find that the mandates could have led to 15 million additional vaccinated … policymakers. In scenarios involving the emergence of a novel, more transmissible variant, against which vaccination and previous …
Persistent link: https://www.econbiz.de/10013361993
individuals and the manufacturer. Results: We develop a two-sided incentive program that proposes ‘vaccination incentives' to be …) vaccination incentives for individuals to stimulate (or curb) the demand and eliminate positive (or negative) externalities by … making vaccination more affordable (or costly). When social benefits from vaccination are significantly high, our incentive …
Persistent link: https://www.econbiz.de/10012849734
Although many researchers have investigated the value of open space in cities, few of them have compared them to the costs of providing this amenity. In this paper, we use the monocentric model of a city to derive a simple cost-benefit rule for the optimal provision of open space. The rule is...
Persistent link: https://www.econbiz.de/10011373817
International concern about climate change has led to the Kyoto Protocol, negotiated in 1997, which contains legally binding emission targets for industrialized countries to be achieved during the commitment period 2008-2012. While proponents of the Protocol celebrate it as a breakthrough in...
Persistent link: https://www.econbiz.de/10010297311
Although many researchers have investigated the value of open space in cities, few of them have compared them to the costs of providing this amenity. In this paper, we use the monocentric model of a city to derive a simple cost-benefit rule for the optimal provision of open space. The rule is...
Persistent link: https://www.econbiz.de/10010325786
In most applied cost-benefit analyses, individual willingness to pay is aggregated without using explicit welfare weights. This can be justified by postulating a utilitarian social welfare function, along with the assumption of equal marginal utility of income for all individuals. However, since...
Persistent link: https://www.econbiz.de/10011968012
Should public assets such as infrastructure, education, and the environment earn the same return as private investments? The long-term nature of public investments provides commitment to current preferences, which justifies lower than private returns for time-inconsistent decision markers. An...
Persistent link: https://www.econbiz.de/10010274884
This paper intends to provide an evaluation of where the economic research on happiness stands and in which interesting directions it might develop. First, the current state of the research on happiness in economics is briefly discussed. We emphasize the potential of happiness research in...
Persistent link: https://www.econbiz.de/10012168180
This paper discusses a novel approach to elicit people's preferences for public goods, namely the life satisfaction approach. Reported subjective well-being data are used to directly evaluate utility consequences of public goods. The strengths of this approach are compared to traditional...
Persistent link: https://www.econbiz.de/10012168181
There are many reasons to suspect that benefit-cost analysis applied to environmental policies will result in policy decisions that will reject those environmental policies. The important question, of course, is whether those rejections are based on proper science. The present paper explores...
Persistent link: https://www.econbiz.de/10003997569