This paper uses the wellbeing valuation (WV) approach to estimate and monetize the wellbeing impacts of informal care provision on caregivers. Using nationally representative longitudinal data from the U.K., we address two challenging methodological issues related to the economic valuation of...

Majority voting is considered an efficient information aggregation mechanism in committee decision-making. We examine if this holds in environments where voters first need to acquire information from sources of varied quality and cost. In such environments, efficiency may depend on free-riding...

We elicit individual measures of patience by applying the new Preference for Earlier versus Later Income (PELI) scale for more than 50,000 individuals from 65 countries who took the Gallup End of Year Survey. This simple to apply measure is highly correlated with alternative measures that are...