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There is wide agreement that existing approaches to valuing noneconomic losses from personal injury lack coherence. We and others have previously noted the considerable potential for “health utility” measurement — an approach developed in health economics for valuing health outcomes in...
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Studdert et al examine why making compensation of noneconomic damages in personal-injury litigation more rational and predictable is socially valuable. Noneconomic-damages schedules as an alternative to caps are discussed, several potential approaches to construction of schedules are reviewed,...
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This paper studies currency substitution in an environment where agents' inflation tax-evasive demand for foreign money is balanced by the concern for the possibility that the government may impose economy-wide capital controls under which foreign currency transactions are costly. Under the...
Persistent link: https://www.econbiz.de/10014209511
In their 1990 Review article, Ian Budge and Richard Hofferbert analyzed the relationship between party platform emphases, control of the White House, and national government spending priorities, reporting strong evidence of a "party mandate" connection between them. Gary King and Michael Laver...
Persistent link: https://www.econbiz.de/10014220973
The authors develop binomial-beta hierarchical models for ecological inference using insights from the literature on hierarchical models based on Markov chain Monte Carlo algorithms and King's ecological inference model. The new approach reveals some features of the data that King's approach...
Persistent link: https://www.econbiz.de/10014221018
I am grateful for such thoughtful review from these three distinguished geographers. Fotheringham provides an excellent summary of the approach offered, including how it combines the two methods that have dominated applications (and methodological analysis) for nearly half a century - the method...
Persistent link: https://www.econbiz.de/10014221019