This paper studies money demand in Switzerland. While the existing literature typically analyzes post-1973 data, this study uses data covering six decades. We test for cointegration in a system incorporating money, prices, income, a bond yield, and a deposit rate, and find evidence of a single...

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Health policy makers know that their decisions affect the chances of well-being and survival of individuals and that they implicitly are valuing human lives. Evidence with regard to willingness-to-pay (WTP) informs about the value individuals themselves put on these chances; it thus holds the...

This short paper investigates the impact of Swiss economists by analyzing the citations collected in the Social Sciences Citation Index. It comes as no big surprise that the Anglo- Saxon countries dominate modern economics with respect to the absolute number of eminent, most frequently cited...

During the 1990's the importance of financial intermediaries in terms of GDP has nearly doubled in Switzerland. Recent structural changes have nevertheless a noteworthy consequence: a growing part of bank activities don't generate any value added. This results from the development of...

The imputation of missing values is generally used to correct the item nonresponse of a survey. For the KOF/ETHZ-Innovation Survey 1999, this problem is managed with a multiple imputation. We give some theoretical backgrounds of the method and illustrate it by some examples. We compare our...

This paper reviews the different methods that have been used for measuring health costs. Since the cost of illness method captures only the "social cost" (medical expenses and loss of income), we recommend that it be used in conjunction with contingent valuation because the latter yields the...

The Household Budget Survey of 1998, especially the section on durable goods, enables us to measure the degree to which the Information Society has entered the household. After a descriptive analysis of how households equip themselves with goods and services related to information technologies...

In this note I discuss the problems of defining and measuring the value of preventing a fatality. A measure reflecting remaining expected present value utility is derived. It is shown that in general the empirical estimate of this measure is biased. This fact complicates the analysis of the...

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