We use survival analysis to study the mortality experience of 1111 slaves living on the British West Indian sugar plantation of Mesopotamia for seven decades prior to the Emancipation Act of 1833. Using three different concepts of analysis time and employing non-parametric and semi-parametric...

This paper presents some numerical simulations of a model of healthy and unhealthy consumption to investigate the impact of various terminal conditions on an individual's life-span, pathways of consumption and health. A `benchmark' model, in which both the life-span and the individual's `death'...

We consider the biases that can arise in bias elicitation when expert assessors make random errors. We illustrate the phenomenon for two sources of bias: that due to omitting important variables in a least squares regression and that which arises in adjusting relative risks for treatment effects...

We consider the optimal control of inequality under uncertainty, with a particular focus on income inequality. For an economy experiencing economic growth and random shocks, we show how a simple loss and `bequest' function may be combined to guide the expected level of inequality towards a...

Referring to the literature on optimal stopping under sequential sampling developed by Chernoff and collaborators, we solve a dynamic model of the economic evaluation of a new health technology, deriving optimal rules for technology adoption, research abandonment and continuation as functions of...

The annual five per cent in real terms increase in tobacco taxes proposed in the recent White Paper on smoking has reaffirmed the commitment of successive United Kingdom governments to above inflation increases in tobacco taxation to encourage people to stop smoking. This paper presents evidence...