Altruism and efficient allocations in three-generation households

Journal of Risk and Uncertainty - In this paper we test the efficiency of family resource allocation in three-generation households. Understanding how the so-called “squeezed middle”...     

How would you like your gain in life expectancy to be provided? An experimental approach

This paper reports the results of an empirical study investigating people’s preferences over three different types of perturbation to their survival function, each perturbation generating the same gain in life expectancy. Preferences over the three different perturbations were found to be distributed more or less evenly across the subject pool. Use of a novel experimental methodology generated economically consistent and intuitively plausible responses to (necessarily) hypothetical questions concerning improvements in life expectancy by first allowing respondents to gain experience while making similar choices in an incentivized setting involving financial risk. The results demonstrate the potential for economic experiments to contribute to the development of more robust methods for policy evaluation in domains where physical risk is an important factor.     

Can a ‘veil of ignorance’ reduce the impact of distortionary taxation on public good valuations?

Journal of Risk and Uncertainty - Monetary valuations for mortality and health risk reductions, elicited through stated preference surveys, have been shown to include values placed on others’...