Showing 181 - 190 of 355,269
This paper shows how distance functions, a tool typically employed in production economics to measure the distance between a set of inputs and a set of outputs, can be employed to approximate a composite measure encompassing the many dimensions of well-being. It also illustrates how to implement...
Persistent link: https://www.econbiz.de/10013318262
In a 'smart' electricity distribution network, flexible distribution resources (FDRs) can be coordinated to improve efficiency. But coordination enables whoever controls such resources to exercise market power. The paper establishes the following efficiency rankings of market structures:...
Persistent link: https://www.econbiz.de/10012264228
controlling for the rate of unemployment and per capita GDP. The character of poverty as a public bad suggests that poverty …
Persistent link: https://www.econbiz.de/10011582002
is examined in the setting of Slovak Roma, who are poor in comparison to the non-Roma population. The results suggest … that the correlation between income and satisfaction is greater for the lower-income group (the Roma) than for the higher …-income group (majority population). Further, the correlation between income and emotional well-being does not differ between the …
Persistent link: https://www.econbiz.de/10012595931
satisfaction falls with both the incidence and intensity of contemporaneous poverty. We then reveal that there is little evidence …
Persistent link: https://www.econbiz.de/10010440553
A continuous and a discrete rating scale were implemented for a single item happiness question in a representative … superiority of the continuous scale. Results raise doubts about earlier inferences drawn on correlates of happiness. So far only … self-assessed discrete happiness data have been used for research into the determinants of happiness. However, distribution …
Persistent link: https://www.econbiz.de/10014175411
of individual welfare according to which welfare is a matter of mental states rather than preference satisfaction. For …
Persistent link: https://www.econbiz.de/10014214164
Surveys that measure subjective states like happiness or preferences often generate discrete ordinal data. Ordered … happiness or other variables are detectable based on response time data without making distributional assumptions. In our survey …
Persistent link: https://www.econbiz.de/10014250973
Surveys that measure subjective states like happiness or preferences often generate discrete ordinal data. Ordered … happiness or other variables are detectable based on response time data without making distributional assumptions. In our survey …
Persistent link: https://www.econbiz.de/10014251062
Cross-disciplinary 'happiness research' has made big progress in the measurement of individual welfare. This … development makes it tempting to pursue the old dream of maximizing aggregate happiness as a social welfare function. However, we … postulate that the appropriate approach is not to maximize aggregate happiness in seeking to improve outcomes by direct policy …
Persistent link: https://www.econbiz.de/10014055391