Environmental Economics
The cromulent economics blog
recent posts
Category: Value of statistical life
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Bamford et al. (2019), in the context of estimating the value of a statistical life (VSL), say (emphasis added): Concerns regarding responsiveness to scope in CV studies are not novel; indeed, instances of scope insensitivity are widespread within the literature (Ojea and Loureiro, 2011). However, investigations into the causes of such problems remain an active…
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From FiveThirtyEight.com: On Tuesday, two things happened: A New England Journal of Medicine article by Harvard researchers argued that the death toll from Hurricane Maria in Puerto Rico was most likely thousands higher than the official number of 64; and Roseanne Barr, the sitcom star, was fired for a racist Twitter rant. According to the…
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The Department of Agricultural, Environmental, and Development Economics (my department) in the College of Food, Agricultural and Environmental Sciences (my college) at The Ohio State University (my university) is hiring for four new faculty positions–and I am not ashamed of taking advantage of this blog to promote the positions. If you have (or are close…
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Paul J. Burke and Shuhei Nishitateno: This study utilizes data for 144 countries from 1991 to 2010 to present the first international estimates of the gasoline price elasticity of road fatalities. We instrument each country's gasoline price with that country's oil reserves and the yearly international crude oil price to address potential endogeneity concerns. Our findings…
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I was able to get away last week for a week of rest and relaxation (field research?). On the flight back, I sat next to a nice dude who had recently finished building a house on family land on Buckeye Lake in Ohio. Needless to say, he had some strong opinions on the Army Corp…
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“It’s the end of life as we know it at Buckeye Lake.” That was the cut-to-the-chase verdict that general manager Deb Sturm delivered to her boss, Tracy Higginbotham, owner of the Buckeye Lake Winery, after returning Wednesday night from a hastily called meeting with a handful of area civic leaders. They had gathered to discuss the…
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If you haven't had time yet to read Banzhaf (2014) and Cameron (2010): … Edwin Paxson, one of its top mathematicians, had been asked by the Air Force to think about the problem of an optimal first strike against the Soviet Union. How could the United States annihilate the Soviet Union for the smallest possible expenditure?…
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