Now showing items 1-5 of 5
Isotone equilibrium in games of incomplete information
An isotone pure strategy equilibrium exists in any game of incomplete information in which each player's action set is infinite sublattice of multidimensional Euclidean space, types are multidimensional and atomless, and ...
Does higher hospital cost imply higher quality of care?
(Review of Economics and Statistics, 2003-02-01)
This study investigates whether higher input use per stay in the hospital (treatment intensity) and longer length of stay improve outcomes of care. We allow for endogeneity of intensity and length of stay by estimating a ...
Discounting the distant future: How much do uncertain rates increase valuations?
(Journal of Environmental Economics and Management, 2003-07-01)
We demonstrate that when the future path of the discount rate is uncertain and highly correlated, the distant future should be discounted at significantly lower rates than suggested by the current rate. We then use two centuries ...
Using Contingent Valuation to Estimate the Value of Forest Ecosystem Protection
(Forests in a Market Economy, 2003-07-31)
This book provides a state-of-the-art review of both classical and emerging themes in forest resource economics. The authors show how neo-classical economic principles can be used to analyze forest policy issues across existing ...
Local Uses of Parks: Uncovering Patterns of Household Production from Forests of Siberut, Indonesia
(Conservation and Society, 2003)