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The Value of a Statistical Life and the Coefficient of Relative Risk Aversion
(Springer Verlag, 2005)
Individuals’ risk preferences are estimated and employed in a variety of settings, notably including choices in financial, labor, and product markets. Recent work, especially in financial economics, provides estimates of ...
Why Measure Inequality
(Springer Verlag, 2005)
A large body of literature is devoted to the measurement of income inequality, yet little attention is given to the question, Why measure inequality? However, the reasons for measurement bear importantly on whether and how ...
Evaluating Public Goods and Regulations: Response
(American Economic Association, 2005)
Response by Louis Kaplow on the commentary, "Evaluation Public Goods and Regulations" by Lawrence H. Goulder, Ian W. H. Parry, and Roberton C. Williams III.