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[...] Die vorliegende explorative Studie wurde von der Bertelsmann Stiftung initiiert. Unsere Absicht war es, Argumente für eine Berücksichtigung des europäischen Mehrwerts als Entscheidungskriterium zu sammeln, indem wir die Einsparungen und Verluste genau beziffern, die Ausgaben auf...
The standard literature on the value of life relies on Yaari’s (1965) model, which includes an implicit assumption of risk neutrality with respect to life duration. To overpass this limitation, we extend the theory to a simple variety of preferences which are not necessarily additively...
In April 2008, the specialization in departments of obstetrics and gynecology was conducted in Sennan area of Osaka prefecture in Japan, which aims at solving the problems of regional provision of obstetrical service. Under this specialization, the departments of obstetrics and gynecology in two...
This paper uses the Kaldor-Hicks compensation principle to compute the present value (PV) of a non-marginal future event. Three theoretical results stand out: First, decreasing returns to capital create a wedge between the PV of future generations' willingness to pay (WTP) and the PV of their...