It is believed that income affects health directly but it is argued that indirect income effects due to relative deprivation may be equally important. This paper investigates these relationships using parametric and semiparametric panel data models which ameliorate problems of misspecification...

Approximately 10% of people have O-negative blood. Because it can be transfused into almost anyone, hospitals particularly value such blood. We use this fact, together with the assumption that blood types are exogenously assigned by nature, to design an empirical inquiry into altruism. We also...

This paper presents the first attempt to use a discrete choice experiment to derive distributional weights for quality adjusted life years (QALYs), based on characteristics (age and severity) of the beneficiaries. A novel approach using the Hicksian compensating variation is applied. Advantages...