This paper is the first to apply prospect theory to societal health-related decision making. In particular, we allow for utility curvature, equity weighting, sign-dependence, and loss aversion in choices concerning quality of life of other people. We find substantial inequity aversion, both for...

In a healthcare system, resource allocation mechanisms should promote efficiency, improve quality of care and reduce practice variation. This paper presents a framework that has been used at the US Department of Veterans Affairs, VA Healthcare Network Upstate New York, to guide resource...

This study identifies and analyzes the key environmental factors contributing to the loss of healthy years of life, as quantified by Disability-Adjusted Life Years (DALYs), across various regions worldwide. Using data from The Organisation for Economic Co-operation and Development (OECD) we...

This study investigates the impact of increased carbon emissions on per capita health expenditure exploiting the panel data with Engle – Granger based cointegration test, Fully Modified Ordinary Least Square (FMOLS) and Dynamic Ordinary Least Square (DOLS) method. Data for the South Asian...

We quantify the economic costs of air pollution associated with drug expenditures. First, following a 1% increase in the annual average of PM2.5, the combined expenditures on respiratory, cardiovascular, and antitumor drugs are predicted to rise by an amount equivalent to 1.81% of the annual per...

This study provides thresholds of inequality that should not be exceeded if gender inclusive education is to enhance gender inclusive formal economic participation in sub-Saharan Africa. The empirical evidence is based on the Generalised Method of Moments and data from 42 countries during the...

The rapid spread of COVID-19 motivated countries worldwide to mitigate mortality through actions including social distancing, home quarantine, school closures, and case isolation. We estimate the global mortality benefits of these actions. We use county-level data on COVID-19 from January 2020,...

This study assesses how financial access can be used to modulate the effect of income inequality on gender economic inclusion. The focus is on 42 countries in sub-Saharan Africa (SSA) for the period 2004-2014 and the empirical evidence is based on Generalised Method of Moments (GMM) and Fixed...

We investigate whether the exposure to rainfall shocks affects the experience of physical intimate partner violence by women in rural areas of the Peruvian Andes. Using data from the Demographic and Health Surveys over the period 2005-2014, we track changes in women's experience of physical...

The main thesis in this manuscript is that a social choice theory based on aggregating individual preferences and values is insufficient to confront the social choices that today’s world is facing. It is defended in here that institutions play a critical role in any social choice, and that the...