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The Life Satisfaction Approach to Environmental Valuation
Frey, Bruno S. - 2014
In many countries environmental policies and regulations are implemented to improve environmental quality and thus individuals' well-being. However, how do individuals value the environment? In this paper, we review the Life Satisfaction Approach (LSA) representing a new non-market valuation...
Persistent link: https://www.econbiz.de/10013070689
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The Value of Redistribution : Natural Resources and the Formation of Human Capital Under Weak Institutions
Agüero, Jorge - 2017
We exploit time and spatial variation generated by the commodities boom to measure the effect of natural resources on human capital formation in Peru, a country with low governance indicators. Combining test scores from over two million students and district-level administrative data on mining...
Persistent link: https://www.econbiz.de/10012950918
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The Political Resource Curse
Brollo, Fernanda - 2010
politicians, both with theory and data. The theory is based on a version of the career concerns model of political agency with … implications of the theory and identify the causal effect of larger federal transfers on political corruption and the observed … features of political candidates at the municipal level. In accordance with the predictions of the theory, we find that larger …
Persistent link: https://www.econbiz.de/10013148349
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Back to Edgeworth? Estimating the Value of Time Using Hedonic Experiences
Krekel, Christian; MacKerron, George - 2023
Following early economist Francis Y. Edgeworth's proposal to measure people's hedonic experiences as they go about their daily lives, we use a smartphone app that over eight years randomly asked a panel of 30, 936 UK residents (N = 2, 235, 733) about their momentary feelings and activities to...
Persistent link: https://www.econbiz.de/10014346670
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Behavioral Economics and the Value of a Statistical Life
Kniesner, Thomas J. - 2019
There are many possible connections between VSL and behavioral economics. A list of topics includes endowment effects, risk salience, ambiguity aversion, present bias, reference groups, reference points, and experienced versus decision utilities. There are also nudges that connect to estimating...
Persistent link: https://www.econbiz.de/10012870202
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Randomizing Endowments : An Experimental Study of Rational Expectations and Reference-Dependent Preferences
Goette, Lorenz - 2014
An important advance in the study of reference-dependent preferences is the discipline provided by coherent accounts of reference point formation. Kőszegi and Rabin (2006) provide such discipline by positing a reference point grounded in rational expectations. We examine the predictions of...
Persistent link: https://www.econbiz.de/10013043666
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The Price of Warm Glow
Lilley, Andrew - 2013
overall charitable donations. We discuss the implications of our experimental results for both theory and policy …
Persistent link: https://www.econbiz.de/10013080136
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Climate Amenities, Climate Change, and American Quality of Life
Albouy, David - 2014
We present a hedonic framework to estimate U.S. households' preferences over local climates, using detailed weather and 2000 Census data. We find that Americans favor an average daily temperature of 65 degrees Fahrenheit, will pay more on the margin to avoid excess heat than cold, and are not...
Persistent link: https://www.econbiz.de/10013064120
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Altruism, Fertility, and the Value of Children : Health Policy Evaluation and Intergenerational Welfare
Birchenall, Javier Arturo; Soares, Rodrigo R. - 2021
This paper accounts for the value of children and future generations in the evaluation of health policies. This is achieved through the incorporation of altruism and fertility in a "value of life" type of framework. We are able to express adults' willingness to pay for changes in child mortality...
Persistent link: https://www.econbiz.de/10013317066
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Quasi-Experimental Methods in Environmental Economics : Opportunities and Challenges
Deschenes, Olivier - 2018
This paper examines the application of quasi-experimental methods in environmental economics. We begin with two observations: i) standard quasi-experimental methods, first applied in other microeconomic fields, typically assume unit-level treatments that do not spill over across units; (ii)...
Persistent link: https://www.econbiz.de/10012911103