Skip to main content Accessibility help
×
  • Cited by 24
Publisher:
Cambridge University Press
Online publication date:
August 2017
Print publication year:
2017
Online ISBN:
9781108178389

Book description

How should policy analysts assess 'benefit validity' when behavioral anomalies appear relevant? David L. Weimer provides thoughtful answers through practical guidelines. Behavioral economists have identified a number of situations in which people appear not to behave according to the neoclassical assumptions underpinning welfare economics and its application to the assessment of the efficiency of proposed public policies through cost-benefit analysis. This book introduces the concept of benefit validity as a criterion for estimating benefits from observed or stated preference studies, and provides practical guidelines to help analysts accommodate behavioral findings. It considers benefit validity in four areas: violations of expected utility theory, unexpectedly large differences between willingness to pay and willingness to accept, non-exponential discounting, and harmful addiction. In addition to its immediate value to practicing policy analysts, it helps behavioral economists identify issues where their research programs can make practical contributions to better policy analysis.

Refine List

Actions for selected content:

Select all | Deselect all
  • View selected items
  • Export citations
  • Download PDF (zip)
  • Save to Kindle
  • Save to Dropbox
  • Save to Google Drive

Save Search

You can save your searches here and later view and run them again in "My saved searches".

Please provide a title, maximum of 40 characters.
×

Contents

References

Acland, Dan (2015) The Case for Ends Paternalism: Extending Le Grand and New’s Framework for Justification of Government Paternalism. Working Paper, Goldman School of Public Policy, University of California at Berkeley.
Acland, Dan and Levy, Matthew R. (2015) Naiveté, Projection Bias, and Habit Formation in Gym Attendance. Management Science 61(1), 146160.
Adler, Matthew D. (2016) Behavioral Economics, Happiness Surveys, and Public Policy. Journal of Benefit-Cost Analysis 7(1), 196219.
Adler, Matthew D. and Posner, Eric A. (1999) Rethinking Cost-Benefit Analysis. Yale Law Journal 109(2), 165247.
Agarwal, Sumit, Driscoll, John C., Gabaix, Xavier, and Laibson, David (2009) The Age of Reason: Financial Decisions over the Life-Cycle with Implications for Regulation. Brookings Papers on Economic Activity (Fall), 51117.
Ainslie, George (1975) Specious Reward: A Behavioral Theory of Impulsiveness and Impulse Control. Psychological Bulletin 82(4), 463496.
Allais, Par M. (1953) Le Comportement de l’Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l’Ecole Americaine. Econometrica 21(4), 503546. [English summary included.]
Allcott, Hunt and Rogers, Todd (2014) The Short-Run and Long-Run Effects of Behavioral Interventions: Experimental Evidence from Energy Conservation. American Economic Review 104(10), 30033037.
American Association of Addiction Medicine (2016) Definition of Addiction. www.asam.org/quality-practice/definition-of-addiction.
Anderson, Soren T., Parry, Ian W. H., Sallee, James M., and Fischer, Carolyn (2011) Automobile Fuel Economy Standards: Impacts, Efficiency, and Alternatives. Review of Environmental Economics and Policy 5(1), 89108.
Andersson, Henrik (2007) Willingness to Pay for Road Safety and Estimates of the Risk of Death: Evidence from a Swedish Contingent Valuation Study. Accident Analysis & Prevention 39(4), 853865.
Aos, Steve, Miller, Marna, and Drake, Elizabeth (2006) Evidence-Based Public Policy Options to Reduce Future Prison Construction, Criminal Justice Costs, and Crime Rates. Olympia: Washington State Institute for Public Policy.
Arrow, Kenneth J. (1951) Social Choice and Individual Values. New York: John Wiley & Sons.
Arrow, Kenneth J. (1964) The Role of Securities in the Optimal Allocation of Risk-Bearing. Review of Economic Studies 31(2), 9196.
Arrow, Kenneth J., Cropper, Maureen L., Gollier, Christian, Groom, Ben, Heal, Geoffrey M., Newell, Richard G., Nordhaus, William D., Pindyck, Robert S., Pizer, William A., Portney, Paul R., Sterner, Thomas, Tol, Richard S. J., and Weitzman, Martin L. (2012) How Should Benefits and Costs Be Discounted in an Intergenerational Context? The Views of an Expert Panel. Resources for the Future. Discussion Paper 12–53. December.
Arrow, Kenneth, Solow, Robert, Portney, Paul, Leamer, Edward, Radner, Roy, and Schuman, Howard (1993) Report of the NOAA Panel on Contingent Valuation. Federal Register 58(10), 46014614.
Arvidson, Malin, Lyon, Fergus, McKay, Stephen, and Moro, Domenico (2013) Valuing the Social? The Nature and Controversies of Measuring Social Return on Investment (SROI). Voluntary Sector Review 4(1), 318.
Ashley, Elizabeth M., Nardinelli, Clark, and Lavaty, Rosemarie A. (2015) Estimating the Benefits of Public Health Policies that Reduce Harmful Consumption. Health Economics 24(5), 617624.
Auld, M. Christopher and Grootendorst, Paul (2004) An Empirical Analysis of Milk Addiction. Journal of Health Economics 23(6), 11171133.
Australia, Productivity Commission (1999) Australia’s Gambling Industries. Inquiry Report No. 10, 26 November.
Australia, Productivity Commission (2015) Productivity Update. July.
Badger, Gary J., Bickel, Warren K., Giordano, Louis A., Jacobs, Eric A., Loewenstein, George, and Marsch, Lisa (2007) Altered States: The Impact of Immediate Craving on the Valuation of Current and Future Opioids. Journal of Health Economics 26(5), 865876.
Ballard, Charles L., Shoven, John B., and Whalley, John (1985). General Equilibrium Computations of the Marginal Welfare Costs of Taxes in the United States. American Economic Review 75(1), 128138.
Barke, Richard P. and Jenkins‐Smith, Hank C. (1993) Politics and Scientific Expertise: Scientists, Risk Perception, and Nuclear Waste Policy. Risk Analysis 13(4), 425439.
Bateman, Ian J. and Langford, Ian H. (1997) Budget-Constraint, Temporal, and Question-Ordering Effects in Contingent Valuation Studies. Environment and Planning A 29(7), 12151228.
Bateman, Ian J. and Willis, Kenneth G., Editors. (1999) Valuing Environmental Preferences: Theory and Practice of the Contingent Valuation Method in the US, EU, and Developing Countries. New York: Oxford University Press.
Becker, Gary S. and Murphy, Kevin M. (1988) A Theory of Rational Addiction. Journal of Political Economy 96(4), 675700.
Becker, Gary S., Grossman, Michael, and Murphy, Kevin M. (1994) An Empirical Analysis of Cigarette Addiction. American Economic Review 84(3), 396418.
Becker, Gordon M., DeGroot, Morris H., and Marschak, Jacob (1964) Measuring Utility by a Single‐Response Sequential Method. Behavioral Science 9(3), 226232.
Begley, Sharon and Clarke, Toni (2015) Exclusive: US To Roll Back “Lost Pleasure” Approach on Health Rules. Reuters. March 18.
Benington, John and Moore, Mark H., eds. (2010) Public Value: Theory and Practice. New York: Palgrave Macmillan.
Bernheim, B. Douglas (2009) Behavioral Welfare Economics. Journal of the European Economic Association 7(2–3), 267319.
Bernheim, B. Douglas (2016) The Good, the Bad, and the Ugly: A Unified Approach to Behavioral Welfare Economics. Journal of Benefit-Cost Analysis 7(1), 1268.
Bernheim, B. Douglas and Rangel, Antonio (2004) Addiction and Cue-Triggered Decision Processes. American Economic Review 94(5), 15581590.
Bernheim, B. Douglas and Rangel, Antonio (2007) Toward Choice-Theoretic Foundations for Behavioral Welfare Economics. American Economic Review 97(2), 464470.
Bernheim, B. Douglas and Rangel, Antonio (2009) Beyond Revealed Preference: Choice-Theoretic Foundations for Behavioral Welfare Economics. Quarterly Journal of Economics 124(1), 51104.
Bernheim, B. Douglas, Fradkin, Andrey, and Popov, Igor (2015) The Welfare Economics of Default Options in 401(k) Plans. American Economic Review 105(9), 27982837.
Berrens, Robert P., Bohara, Alok K., Jenkins-Smith, Hank C., Silva, Carol L., and Weimer, David L. (2004) Information and Effort in Contingent Valuation Surveys: Application to Global Climate Change Using National Internet Samples. Journal of Environmental Economics and Management 47(2), 331363.
Beshears, John, Choi, James J., Laibson, David, and Madrian, Brigitte C. (2008) How Are Preferences Revealed? Journal of Public Economics 92(8), 17871794.
Beshears, John, Choi, James J., Laibson, David, and Madrian, Brigitte C. (2009) The Importance of Default Options for Retirement Saving Outcomes: Evidence from the United States. In Brown, Jeffrey, Liebman, Jeffrey, and Wise, David A., editors, Social Security Policy in a Changing Environment. Chicago: University of Chicago Press, 167195.
Bhargava, Saurabh and Loewenstein, George (2015) Behavioral Economics and Public Policy 102: Beyond Nudging. American Economic Review 105(5), 396401.
Bickel, Warren K., Johnson, Matthew W., Koffarnus, Mikhail N., MacKillop, James, and Murphy, James G. (2014) The Behavioral Economics of Substance Use Disorders: Reinforcement Pathologies and their Repair. Annual Review of Clinical Psychology, 641677.
Bickel, Warren K. and Marsch, Lisa A. (2001) Toward a Behavioral Economic Understanding of Drug Dependence: Delay Discounting Processes. Addiction 96(1), 7386.
Bishop, Richard C. and Heberlein, Thomas A. (1990) The Contingent Valuation Method. In Johnson, Rebecca L. and Johnson, Gary V., Editors, Economic Valuation of Natural Resources: Issues, Theory, and Applications. Boulder: Westview Press, 81104.
Blackorby, Charles and Donaldson, David (1990) A Review Article: The Case against the Use of the Sum of Compensating Variations in Cost-benefit Analysis. Canadian Journal of Economics 23(3), 471494.
Bleichrodt, Han, Pinto, Jose Luis, and Wakker, Peter P. (2001) Making Descriptive Use of Prospect Theory to Improve the Prescriptive Use of Expected Utility. Management Science 47(11), 14981514.
Blomquist, Glenn C. and Whitehead, John C. (1998) Resource Quality Information and Validity of Willingness to Pay in Contingent Valuation. Resource and Energy Economics 20(2), 179196.
Blumenschein, Karen, Blomquist, Glenn C., Johannesson, Magnus, Horn, Nancy, and Freeman, Patricia (2008) Eliciting Willingness to Pay without Bias: Evidence from a Field Experiment. Economic Journal 118(525), 114137.
Boadway, Robin W. (1974) The Welfare Foundation of Cost-Benefit Analysis. Economic Journal 84(336), 926939.
Boadway, Robin W. and Bruce, Neil (1984) Welfare Economics. New York: Basil Blackwell.
Boardman, Anthony E., Greenberg, David H., Vining, Aidan R., and Weimer, David L. (2011) Cost–Benefit Analysis: Concepts and Practice, 4th ed. Upper Saddle River: Prentice Hall.
Boyer, Marcel (1983) Rational Demand and Expenditures Patterns under Habit Formation. Journal of Economic Theory 31(1), 2753.
Bradford, David F. (1975) Constraints on Government Investment Opportunities and the Choice of Discount Rate. The American Economic Review 65(5), 887899.
Brennan, Timothy J. (2014) Behavioral Economics and Policy Evaluation. Journal of Benefit-Cost Analysis 5(1), 89109.
Brookshire, David S. and Coursey, Don L. (1987) Measuring the Value of a Public Good: An Empirical Comparison of Elicitation Procedures. American Economic Review 77(4), 554566.
Bromley, Daniel W. (1990) The Ideology of Efficiency: Searching for a Theory of Policy Analysis. Journal of Environmental Economics and Management 19(1), 86107.
Bronsteen, John, Buccafusco, Christopher J., and Masur, Jonathan S. (2013) Well-Being Analysis vs. Cost-Benefit Analysis. Duke Law Journal 62(8), 16031689.
Burgess, David F. and Zerbe, Richard O.. (2011) Appropriate Discounting for Benefit-Cost Analysis. Journal of Benefit-Cost Analysis 2(2), 120.
Burgess, David F. and Zerbe, Richard O.. (2013) The Most Appropriate Discount Rate. Journal of Benefit-Cost Analysis 4(3), 391400.
Bushong, Benjamin, King, Lindsay M., Camerer, Colin F., and Rangel, Antonio (2010) Pavlovian Processes in Consumer Choice: The Physical Presence of a Good Increases Willingness-to-Pay. American Economic Review 100(4), 15561571.
Cadena, Brian C. and Keys, Benjamin J. (2015) Human Capital and the Lifetime Costs of Impatience. American Economic Journal: Economic Policy 7(3), 126153.
Camerer, Colin, Loewenstein, George, and Weber, Martin (1989) The Curse of Knowledge in Economic Settings: An Experimental Analysis. Journal of Political Economy 97(5), 12321254.
Camerer, Colin F. (1987) Do Biases in Probability Judgment Matter in Markets? Experimental Evidence. American Economic Review 77(3), 981997.
Camerer, Colin F. (2004) Prospect Theory in the Wild: Evidence from the Field. In Cramerer, Colin F., Loewenstein, George, and Rabin, Matthew, Editors, Advances in Behavioral Economics. Princeton: Princeton University Press, 148161.
Camerer, Colin F. and Loewenstein, George (2004) Behavioral Economics: Past, Present, Future. In Camerer, Colin F., Loewenstein, George, and Rabin, Matthew, Editors, Advances in Behavioral Economics. Princeton: Princeton University Press, 351.
Camerer, Colin F. and Kunreuther, Howard (1989) Decision Processes for Low Probability Events: Policy Implications. Journal of Policy Analysis and Management 8(4), 565592.
Cameron, Trudy Ann (2010) Euthanizing the Value of a Statistical Life. Review of Environmental Economics and Policy 4(2), 161178.
Campbell, Donald T. and Stanley, Julian C. (1963) Experimental and Quasi-Experimental Designs for Generalized Causal Inference. Boston: Houghton Mifflin.
Campbell, John Y., Jackson, Howell E., Madrian, Brigitte C., and Tufano, Peter (2011) Consumer Financial Protection. Journal of Economic Perspectives 25(1), 91114.
Canada, Treasury Board (2007) Canadian Cost-Benefit Analysis Guide: Regulatory Proposals. Ottawa.
Carlson, Deven E., Ripberger, Joseph T., Jenkins-Smith, Hank C., Silva, Carol L., Gupta, Kuhika, Berrens, Robert P., and Jones, Benjamin A. (2016) Contingent Valuation and the Policymaking Process: An Application to Used Nuclear Fuel in the United States. Journal of Benefit-Cost Analysis 7(3), 459487.
Carlsson, Fredrik, Johansson‐Stenman, O. L. O. F., and Martinsson, Peter (2007) Do You Enjoy Having More than Others? Survey Evidence of Positional Goods. Economica 74(296), 586598.
Carson, Richard T. (2012) Contingent Valuation: A Practical Alternative when Prices Aren’t Available. Journal of Economic Perspectives 26(4), 2742.
Carson, Richard T., Flores, Nicholas E., and Meade, Norman F. (2001) Contingent Valuation: Controversies and Evidence. Environmental and Resource Economics 19(2), 173210.
Carson, Richard T. and Groves, Theodore (2007) Incentive and Informational Properties of Preference Questions. Environmental and Resource Economics 37(1), 181210.
Carter, Steven and McBride, Michael (2013) Experienced Utility versus Decision Utility: Putting the “S” in Satisfaction. The Journal of Socio-Economics 42(1), 1323.
Cartwright, Edward (2011) Behavioral Economics. London: Routledge.
Chabris, Christopher F., Laibson, David I., and Schuldt, Jonathon P. (2008) Intertemporal Choice. In Durlauf, Steven N. and Blume, Lawrence E., editors, The New Palgrave Dictionary of Economics, 2nd Edn. New York: Palgrave Macmillan, 112.
Chaloupka, Frank J., Gruber, Jonathan, and Warner, Kenneth E. (2015) Accounting for “Lost Pleasure” in Cost-Benefit Analysis of Government Regulation: The Case of Food and Drug Administration’s Proposed Cigarette Labeling Regulation. Annals of Internal Medicine 161(1), 6465.
Chambers, John R. and Windschitl, Paul D. (2004) Biases in Social Comparative Judgments: The Role of Nonmotivated Factors in Above-Average and Comparative-Optimism Effects. Psychological Bulletin 130(5), 813838.
Champ, Patricia A., Bishop, Richard C., Brown, Thomas C., and McCollum, Daniel W. (1997) Using Donation Mechanisms to Value Nonuse Benefits from Public Goods. Journal of Environmental Economics and Management 33(2), 151162.
Cherry, Todd L., Crocker, Thomas D., and Shogren, Jason F. (2003) Rationality Spillovers. Journal of Environmental Economics and Management 45(1), 6384.
Chetty, Raj (2015) Behavioral Economics and Public Policy: A Pragmatic Perspective. American Economic Review 105(5), 133.
Chetty, Raj, Looney, Adam, and Kroft, Kory (2009) Salience and Taxation: Theory and Evidence. American Economic Review 99(4), 11451177.
Chichilnisky, Graciela (1996) An Axiomatic Approach to Sustainable Development. Social Choice and Welfare 13(2), 231257.
Cicchetti, Charles J. and Freeman, A. Myrick III (1971) Option Demand and Consumer Surplus: Further Comment. Quarterly Journal of Economics 85(3), 528539.
Clarke, Harry and Byford, Martin (2009) Addictive Drug Use Management Policies in a Long‐Run Economic Model. Australian Economic Papers 48(2), 151165.
Compton, Wilson M. and Volkow, Nora D. (2006) Abuse of Prescription Drugs and the Risk of Addiction. Drug and Alcohol Dependence 83(S1), S4S7.
Copeland, Curtis W. (2011) Cost-Benefit and Other Analysis Requirements in the Rulemaking Process. Washington DC: Congressional Research Service.
Corso, Phaedra S., Hammitt, James K., and Graham, John D. (2001) Valuing Mortality-Risk Reduction: Using Visual Aids to Improve the Validity of Contingent Valuation. Journal of Risk and Uncertainty 23(2), 165184.
Courtney, Kelly E., Schacht, Joseph P., Hutchison, Kent, Roche, Daniel JO, and Ray, Lara A. (2016) Neural Substrates of Cue Reactivity: Association with Treatment Outcomes and Relapse. Addiction Biology 21(1), 322.
Cox, James C. and Grether, David M. (1996) The Preference Reversal Phenomenon: Response Mode, Markets and Incentives. Economic Theory 7(3), 381405.
Cox, James C. and Isaac, R. (1984) In Search of the Winner’s Curse. Economic Inquiry 22(4), 579592.
Cropper, Maureen, Hammitt, James K., and Robinson, Lisa A. (2011) Valuing Mortality Risk Reductions: Progress and Challenges. Annual Review of Resource Economics 3, 313336.
Cutler, David M., Jessup, Amber, Kenkel, Donald, and Starr, Martha A. (2015) Valuing Regulations Affecting Addictive or Habitual Goods. Journal of Benefit-Cost Analysis 6(2), 247280.
Dahlby, Bev (2008) The Marginal Cost of Public Funds: Theory and Applications. Cambridge, MA: MIT Press.
Daniel, Kent and Hirshleifer, David (2015) Overconfident Investors, Predictable Returns, and Excessive Trading. Journal of Economic Perspectives 29(4), 6188.
Deaton, Angus and Muellbauer, John (1980) Economics and Consumer Behavior. New York: Cambridge University Press.
de Bekker‐Grob, Esther W., Ryan, Mandy, and Gerard, Karen. (2012) Discrete Choice Experiments in Health Economics: A Review of the Literature. Health Economics 21(2), 145172.
Deighton-Smith, Rex, Erbacci, Angelo, and Kauffmann, Céline (2016) Promoting Inclusive Growth through Better Regulation: The Role of Regulatory Impact Assessment. OECD Regulatory Policy Working Papers, No. 3 (Paris: OECD Publishing).
DellaVigna, Stefano and Malmendier, Ulrike (2006) Paying Not to Go to the Gym. The American Economic Review 96(3), 694719.
del Saz-Salazar, Salvador, García-Menéndez, Leandro, and Feo-Valero, María (2012) Meeting the Environmental Challenge of Port Growth: A Critical Appraisal of the Contingent Valuation Method and an Application to Valencia Port, Spain. Ocean and Coastal Management 59(April), 3139.
DiFranza, Joseph R., Savageau, Judith A., Fletcher, Kenneth, O’Loughlin, Jennifer, Pbert, Lori, Ockene, Judith K., McNeill, Ann D., Hazelton, Jennifer, Friedman, Karen, Dussault, Gretchen, Wood, Connie, and Wellman, Robert J. (2007) Symptoms of Tobacco Dependence after Brief Intermittent Use: The Development and Assessment of Nicotine Dependence in Youth–2 Study. Archives of Pediatrics and Adolescent Medicine 161(7), 704710.
Do, Amy M., Rupert, Alexander V., and Wolford, George (2008) Evaluations of Pleasurable Experiences: The Peak-End Rule. Psychonomic Bulletin & Review 15(1), 9698.
Ellsberg, Daniel (1961) Risk, Ambiguity, and the Savage Axioms. Quarterly Journal of Economics 75(4), 643669.
Ericson, Keith M., White, John Myles, Laibson, David, and Cohen, Jonathan D. (2015) Money Earlier or Later? Simple Heuristics Explain Intertemporal Choices Better than Delay Discounting Does. Psychological Science 26(6), 826833.
Evans, Dorla A. (1997) The Role of Markets in Reducing Expected Utility Violations. Journal of Political Economy 105(3), 622636.
Flores, Nicholas E. and Carson, Richard T. (1997) The Relationship between the Income Elasticities of Demand and Willingness to Pay. Journal of Environmental Economics and Management 33(3), 287295.
Florio, Massimo (2006) Cost-Benefit Analysis and the European Union Cohesion Fund: On the Social Cost of Capital and Labour. Regional Studies 40(2), 211224.
Fon, Vincy and Otani, Yoshihiko (1979) Classical Welfare Theorems with Non-Transitive and Non-Complete Preferences. Journal of Economic Theory 20(3), 409418.
Fox, Chris and Albertson, Kevin (2011) Payment by Results and Social Impact Bonds in the Criminal Justice Sector: New Challenges for the Concept of Evidence-Based Policy? Criminology and Criminal Justice 11(5), 395413.
Frederick, Shane, Loewenstein, George, and O’Donoghue, Ted (2002) Time Discounting and Time Preference: A Critical Review. Journal of Economic Literature 40(2), 351401.
Freeman, A. Myrick III, Herriges, Joseph A., and Kling, Catherine L. (2014) The Measurement of Environmental and Resource Values: Theory and Methods. New York: Routledge
Fudenberg, Drew and Levina, David K. (2011) Risk, Delay, and Convex Self-Control Costs. American Economic Journal: Microeconomics 3(3), 3468.
Gately, Dermot (1980) Individual Discount Rates and the Purchase and Utilization of Energy-Using Durables: Comment. Bell Journal of Economics 11(1), 373374.
Gayer, Ted and Viscusi, W. Kip (2013) Overriding Consumer Preferences with Energy Regulations. Journal of Regulatory Economics 43(3), 248264.
Gollier, Christian and Hammitt, James K. (2014) The Long-Run Discount Rate Controversy. Annual Review of Resource Economics 6(1), 273295.
Goodman, Aviel (2008) Neurobiology of Addiction: An Integrative Review. Biochemical Pharmacology 75(1), 266322.
Goodman, Madeline, Finnegan, Robert, Mohadjer, Leyla, Krenzke, Tom, and Hogan, Jacquie (2013) Literacy, Numeracy, and Problem Solving in Technology-Rich Environments Among US Adults: Results from the Program for the International Assessment of Adult Competencies 2012: First Look. Washington, DC: US Department of Education, National Center for Education Statistics.
Gowdy, John M. (2004) The Revolution in Welfare Economics and Its Implications for Environmental Valuation and Policy. Land Economics 80(2), 239257.
Graham, Daniel A. (1981) Cost-Benefit Analysis under Uncertainty. American Economic Review 71(4), 715725.
Groves, Theodore and Ledyard, John (1977) Optimal Allocation of Public Goods: A Solution to the “Free Rider” Problem. Econometrica 45(4), 783809.
Grubb, Michael D. (2015) Overconfident Consumers in the Marketplace. Journal of Economic Perspectives 29(4), 936.
Gruber, Jonathan and Kӧszegi, Botond (2001) Is Addiction “Rational”? Theory and Evidence. Quarterly Journal of Economics 116(4), 12611303.
Gul, Faruk and Pesendorfer, Wolfgang (2004) Self-Control, Revealed Preference and Consumption Choice. Review of Economic Dynamics 7(2), 243264.
Gul, Faruk and Pesendorfer, Wolfgang (2005) The Revealed Preference Theory of Changing Tastes. Review of Economic Studies 72(2), 429448.
Gul, Faruk and Pesendorfer, Wolfgang (2007) Harmful Addiction. Review of Economic Studies 74(1), 147172.
Haab, Timothy C. and McConnell, Kenneth E. (2003) Valuing Environmental and Natural Resources: The Econometrics of Non-Market Valuation. Northampton: Edward Elgar Publishing.
Hahn, Robert W. and Tetlock, Paul C. (2008) Has Economic Analysis Improved Regulatory Decisions? Journal of Economic Perspectives 22(1), 6784.
Hall, Wayne, Carter, Adrian, and Forlini, Cynthia (2015) The Brain Disease Model of Addiction: Is It Supported by the Evidence and Has It Delivered on Its Promises? Lancet Psychiatry 2(1), 105110.
Hammitt, James K. (2015) Implications of the WTP–WTA Disparity for Benefit–Cost Analysis. Journal of Benefit-Cost Analysis 6(1), 207216.
Hammitt, James K. and Graham, John D. (1999) Willingness to Pay for Health Protection: Inadequate Sensitivity to Probability? Journal of Risk and Uncertainty 18(1), 3362.
Hammond, Peter J. (1981) Ex-Ante and Ex-Post Welfare Optimality under Uncertainty. Economica 48(191), 235250.
Hammond, Richard J. (1966) Convention and Limitation in Benefit-Cost Analysis. Natural Resources Journal 6(2), 195222.
Hanemann, W. Michael (1991) Willingness to Pay and Willingness to Accept: How Much Can They Differ? American Economic Review 81(3), 635647.
Hanley, Nick and Shogren, Jason F. (2005) Is Cost–Benefit Analysis Anomaly-Proof? Environmental and Resource Economics 32(1), 1324.
Hanley, Nick and Spash, Clive L. (1993) Cost-Benefit Analysis and the Environment. Northampton: Edward Elgar.
Harris, Richard and Olewiler, Nancy (1979) The Welfare Economics of Ex Post Optimality. Economica 46(182), 137147.
Harrison, Glenn W. and Rutström, E. Elisabet (2009) Expected Utility Theory and Prospect Theory: One Wedding and a Decent Funeral. Experimental Economics 12(2), 133158.
Harrison, Mark, Rigby, Dan, Vass, Caroline, Flynn, Terry, Louviere, Jordan, and Payne, Katherine (2014) Risk as an Attribute in Discrete Choice Experiments: A Systematic Review of the Literature. Patient 7(2), 151170.
Hausman, Jerry A. (1979) Individual Discount Rates and the Purchase and Utilization of Energy-Using Durables. Bell Journal of Economics 10(1), 3354.
Hausman, Jerry A. (2012) Contingent Valuation: From Dubious to Hopeless. Journal of Economic Perspectives 26(4), 4356.
Haveman, Robert H. and Weimer, David L. (2015) Public Policy Induced Changes in Employment: Valuation Issues for Benefit-Cost Analysis. Journal of Benefit-Cost Analysis 6(1), 112153.
Hawkins, James, Hollingworth, William, and Campbell, Rona (2010) Long-Term Smoking Relapse: A Study Using the British Household Panel Survey. Nicotine and Tobacco Research 12(12), 12281235.
Heberlein, Thomas A., Wilson, Matthew A., Bishop, Richard C., and Schaeffer, Nora Cate (2005) Rethinking the Scope Test as a Criterion for Validity in Contingent Valuation. Journal of Environmental Economics and Management 50(1), 122.
Herrnstein, Richard J., Loewenstein, George F., Prelec, Drazen, and Vaughan, William (1993) Utility Maximization and Melioration: Internalities in Individual Choice. Journal of Behavioral Decision Making 6(3), 149185.
Hershey, John C. and Schoemaker, Paul J. H. (1985) Probability Versus Certainty Equivalence Methods in Utility Measurement: Are They Equivalent? Management Science 31(10), 12131231.
Hicks, John R. (1939) The Foundations of Welfare Economics. Economic Journal 49(196), 696712.
Hicks, John R. (1940) The Valuation of the Social Income. Economica 7(26), 105124.
Hicks, John R. (1941) The Rehabilitation of Consumers’ Surplus. Review of Economic Studies 8(2), 108116.
Hicks, John R. (1942) Consumers’ Surplus and Index-Numbers. Review of Economic Studies 9(2), 126137.
Hersch, Joni (2005) Smoking Restrictions as a Self-Control Mechanism. Journal of Risk and Uncertainty 31(1), 521.
Horowitz, John K. and McConnell, Kenneth E. (2002) A Review of WTA/WTP Studies. Journal of Environmental Economics and Management 44(3), 426447.
Horwich, George, Jenkins-Smith, Hank, and Weimer, David L. (1988) The International Energy Agency’s Mandatory Oil-Sharing Agreement: Tests of Efficiency, Equity, and Practicality. In Horwich, George and Weimer, David L., eds., Responding to International Oil Crises (Washington, DC: American Enterprise Institute for Public Policy), 104133.
Hotelling, Harold (1938) The General Welfare in Relation to Problems of Taxation and of Railway and Utility Rates. Econometrica 6(3), 242269.
Iannaccone, Laurence R. (1986) Addiction and Satiation. Economics Letters 21(1), 9599.
Ida, Takanori (2014) A Quasi-Hyperbolic Discounting Approach to Smoking Behavior. Health Economics Review 4(1), 111.
Independent Evaluation Group (2010) Cost-Benefit Analysis in World Bank Projects. World Bank Fast Track Brief 57037. June 4.
Jacquemet, Nicolas, Joule, Robert-Vincent, Luchini, Stéphane, and Shogren, Jason F. (2013) Preference Elicitation under Oath. Journal of Environmental Economics and Management 65(1), 110132.
Jin, Lawrence, Kenkel, Don, Liu, Feng, and Wang, Hua (2015). Retrospective and Prospective Benefit-Cost Analyses of US Anti-Smoking Policies. Journal of Benefit-Cost Analysis 6(1), 154186.
Johnson, Sara B., Blum, Robert W., and Giedd, Jay N. (2009) Adolescent Maturity and the Brain: The Promise and Pitfalls of Neuroscience Research in Adolescent Health Policy. Journal of Adolescent Health 45(3), 216221.
Jones-Lee, M. W., Hammerton, M., and Philips, P. R. (1985) The Value of Safety: Results of a National Sample Survey. Economic Journal 95(377), 4972.
Just, Richard W., Hueth, Darrell L., and Schmitz, Andrew (2004) The Welfare Economics of Public Policy: A Practical Approach to Project and Policy Evaluation. Northampton: Edward Elgar.
Kahan, Dan M. (2013) Ideology, Motivated Reasoning, and Cognitive Reflection: An Experimental Study. Judgment and Decision Making 8(4), 407424.
Kahan, Dan M., Jenkins-Smith, Hank, Tarantola, Tor, Silva, Carol L., and Braman, Donald (2015) Geoengineering and Climate Change Polarization Testing a Two-Channel Model of Science Communication. ANNALS of the American Academy of Political and Social Science 658(1), 192222.
Kahneman, Daniel (1994) New Challenges to the Rationality Assumption. Journal of Institutional and Theoretical Economics 150(1), 1836.
Kahneman, Daniel, Knetsch, Jack L., and Thaler, Richard H. (1990) Experimental Tests of the Endowment Effect and the Coase Theorem. Journal of Political Economy 98(6), 13251348.
Kahneman, Daniel and Sugden, Robert (2005) Experienced Utility as a Standard of Policy Evaluation. Environmental and Resource Economics 32(1), 161181.
Kahneman, Daniel and Thaler, Richard H. (1991) Economic Analysis and the Psychology of Utility: Applications to Compensation Policy. American Economic Review 81(2), 341346.
Kahneman, Daniel and Thaler, Richard H. (2006) Anomalies: Utility Maximization and Experienced Utility. Journal of Economic Perspectives 20(1), 221234
Kahneman, Daniel and Tversky, Amos (1979) Prospect Theory: An Analysis of Decision under Risk. Econometrica 47(2), 263291.
Kahneman, Daniel and Tversky, Amos (1984) Choices, Values, and Frames. American Psychologist 39(4), 341350.
Kahneman, Daniel, Wakker, Peter P., and Sarin, Rakesh (1997) Back to Bentham? Explorations of Experienced Utility. Quarterly Journal of Economics, 112(2), 375405.
Kaldor, Nicholas (1939) Welfare Propositions of Economics and Interpersonal Comparisons of Utility. Economic Journal 49(195), 549552.
Kanbur, Ravi, Pirttilä, Jukka, and Tuomala, Matti (2008) Moral Hazard, Income Taxation and Prospect Theory. The Scandinavian Journal of Economics 110(2), 321337.
Karsenty, Alain, Vogel, Aurélie, and Castell, Frédéric (2014) “Carbon Rights,” REDD+ and Payments for Environmental Services. Environmental Science & Policy 35(January), 2029.
Klaiber, H. Allen and Smith, V. Kerry (2012) Developing General Equilibrium Benefit Analyses for Social Programs: An Introduction and Example. Journal of Benefit-Cost Analysis 3(2), 152.
Knetsch, Jack L. (1990) Environmental Policy Implications of Disparities between Willingness to Pay and Compensation Demanded Measures of Values. Journal of Environmental Economics and Management 18(3), 227237.
Knetsch, Jack L. (2015) The Curiously Continuing Saga of Choosing the Measure of Welfare Changes. Journal of Benefit-Cost Analysis 6(1), 217225.
Knetsch, Jack L., Riyanto, Yohanes E., and Zong, Jichuan (2012) Gain and Loss Domains and the Choice of Welfare Measure of Positive and Negative Changes. Journal of Benefit-Cost Analysis 3(4), 118.
Kőszegi, Botond and Rabin, Matthew (2008) Choices, Situations, and Happiness. Journal of Public Economics 92(8), 18211832.
Kniesner, Thomas J., Kip Viscusi, W., and Ziliak, James P. (2014). Willingness to Accept Equals Willingness to Pay for Labor Market Estimates of the Value of a Statistical Life. Journal of Risk and Uncertainty 48(3), 187205.
Kozel, Nicholas J. and Adams, Edgar H. (1986) Epidemiology of Drug Abuse: An Overview. Science 234(4779), 970974.
Krishna, Vijesh V., Drucker, Adam G., Pascual, Unai, Raghu, Prabhakaran T., and Oliver King, E.D. Israel (2013) Estimating Compensation Payments for On-Farm Conservation of Agricultural Biodiversity in Developing Countries. Ecological Economics 87(March), 110123.
Laibson, David (1997) Golden Eggs and Hyperbolic Discounting. Quarterly Journal of Economics 112(2), 443477.
Laibson, David (2001) A Cue-Theory of Consumption. Quarterly Journal of Economics 116(1), 81119.
Larrick, Richard P. and Soll, Jack B. (2008) The MPG Illusion. Science 320(5883), 15931594.
Larson, Douglas M. and Flacco, Paul R. (1992) Measuring Option Prices from Market Behavior. Journal of Environmental Economics and Management 22(2), 178198.
Laux, Fritz L. (2000) Addiction as a Market Failure: Using Rational Addiction Results to Justify Tobacco Regulation. Journal of Health Economics 19(4), 421437.
Le Grand, Julian and New, Bill (2015) Government Paternalism: Nanny State or Helpful Friend? Princeton: Princeton University Press.
Leshner, Alan I. (1997) Addiction Is a Brain Disease, and It Matters. Science 278(5335), 4547.
Levy, Neil (2013) Addiction Is Not a Brain Disease (and It Matters). Frontiers in Psychiatry 4(24.10), 33893395.
Levy, Daniel S. and Friedman, David (1994) The Revenge of the Redwoods? Reconsidering Property Rights and the Economic Allocation of Natural Resources. University of Chicago Law Review 61(2), 493526.
Lewis, Marc (2015) The Biology of Desire: Why Addiction Is Not a Disease. New York: PublicAffairs,
Li, Chuan-Zhong, and Mattsson, Leif (1995) Discrete Choice under Preference Uncertainty: An Improved Structural Model for Contingent Valuation. Journal of Environmental Economics and Management 28(2), 256269.
Li, Hui, Berrens, Robert P., Bohara, Alok K., Jenkins-Smith, Hank C., Silva, Carol L., and Weimer, David L. (2005) Testing for Budget Constraint Effects in a National Advisory Referendum Survey on the Kyoto Protocol. Journal of Agricultural and Resource Economics 30(2), 350366.
Lichtenstein, Sarah and Slovic, Paul, Editors (1971) Reversals of Preferences between Bids and Choices in Gambling Decisions. Journal of Experimental Psychology 89(1), 4655.
Lichtenstein, Sarah and Slovic, Paul, Editors (2006) The Construction of Preferences. New York: Cambridge University Press.
Lichtenstein, Sarah, Slovic, Paul, Fischhoff, Baruch, Layman, Mark, and Combs, Barbara (1978) Judged Frequency of Lethal Events. Journal of Experimental Psychology 4(6), 551578.
Lindhjem, Henrik, Navrud, Ståle, Braathen, Nils Axel, and Biausque, Vincent (2011) Valuing Mortality Risk Reductions from Environmental, Transport, and Health Policies: A Global Meta‐Analysis of Stated Preference Studies. Risk Analysis 31(9), 13811407.
Loewenstein, George and Lerner, Jennifer S. (2003) The Role of Affect in Decision Making. Handbook of Affective Science 3, 619642.
Loewenstein, George, O’Donoghue, Ted, and Rabin, Mathew (2003) Projection Bias in Predicting Future Utility. Quarterly Journal of Economics 118(4), 12091248.
Loewenstein, George and Prelec, Drazen (1992) Anomalies in Intertemporal Choice: Evidence and an Interpretation. Quarterly Journal of Economics 107(2), 573597.
Loewenstein, George and Ubel, Peter A. (2008) Hedonic Adaptation and the Role of Decision and Experience Utility in Public Policy. Journal of Public Economics 92(8), 17951810.
Long, David A., Mallar, Charles D., and Thornton, Craig V.D. (1981) Evaluating the Benefits and Costs of the Job Corps. Journal of Policy Analysis and Management 1(1), 5576.
Loomis, John B. (2014) Strategies for Overcoming Hypothetical Bias in Stated Preference Surveys. Journal of Agricultural and Resource Economics 39(1), 3446.
Loomis, John B. and duVair, Pierre H. (1993) Evaluating the Effect of Alternative Risk Communication Devices on Willingness to Pay: Results from a Dichotomous Choice Contingent Valuation Experiment. Land Economics 69(3), 287298.
Luhmann, Christian C. (2013) Discounting of Delayed Rewards Is Not Hyperbolic. Journal of Experimental Psychology: Learning, Memory, and Cognition 39(4), 12741279.
Lusardi, Annamaria and Mitchell, Olivia S. (2007) Baby Boomer Retirement Security: The Roles of Planning, Financial Literacy, and Housing Wealth. Journal of Monetary Economics 54(1), 205224.
Lutter, Randall (2013) Regulatory Policy: What Role for Retrospective Analysis and Review? Journal of Benefit-Cost Analysis 4(1), 1738.
Lyon, Randolph M. (1990) Federal Discount Rate Policy, the Shadow Price of Capital, and Challenges for Reforms. Journal of Environmental Economics and Management 18(2), S29S50.
Machina, Mark J. (1982) “Expected Utility” Analysis without the Independence Axiom. Econometrica 50(2), 277323.
Madrian, Brigitte C. (2014) Applying Insights from Behavioral Economics to Policy Design. Annual Review of Economics 6, 663688.
Madrian, Brigitte C. and Shea, Dennis F. (2001) The Power of Suggestion: Inertia in 401(k) Participation and Savings Behavior. Quarterly Journal of Economics 116(4), 11491187.
Malmendier, Ulrike and Taylor, Timothy (2015) On the Verges of Overconfidence. Journal of Economic Perspectives 29(4), 38.
Mäntymaa, Erkki (1999) Pennies from Heaven? A Test of the Social Budget Constraint in a Willingness to Accept Compensation Elicitation Format. Journal of Forest Economics 5(1), 169192.
McFadden, Daniel (1974) Conditional Logit Analysis of Qualitative Choice Behavior. In Zarembka, Paul, ed. Frontiers in Econometrics. New York: Academic Press, 105142.
McClelland, Gary H., Schulze, William D., and Coursey, Don L. (1993) Insurance for Low-Probability Hazards: A Bimodal Response to Unlikely Events. Journal of Risk and Uncertainty 7(1), 95116.
Melberg, Hans O. and Rogeberg, Ole J. (2010) Rational Addiction Theory: A Survey of Opinions. Journal of Drug Policy Analysis 3(1), 19.
Millar, Ross and Hall, Kelly (2013) Social Return on Investment (SROI) and Performance Measurement. Public Management Review 15(6), 923941.
Miller, George A. (1956) The Magical Number Seven, Plus or Minus Two: Some Limits on Our Capacity for Processing Information. Psychological Review 63(2), 8196.
Mishan, Ezra J. (1976) The Use of Compensating and Equivalent Variation in Cost-Benefit Analysis. Economica 43(170), 185197.
Monterosso, John, Piray, Payam, and Luo, Shan (2012) Neuroeconomics and the Study of Addiction. Biological Psychiatry 72(2), 107112.
Moore, Mark A., Boardman, Anthony E., and Vining, Aidan R.. (2013a) More Appropriate Discounting: The Rate of Social Time Preference and the Value of the Social Discount Rate. Journal of Benefit-Cost Analysis 4(1), 116.
Moore, Mark A., Boardman, Anthony E., and Vining, Aidan R.. (2013b) The Choice of the Social Discount Rate and the Opportunity Cost of Public Funds. Journal of Benefit-Cost Analysis 4(3), 401409.
Moore, Mark A., Boardman, Anthony E., Vining, Aidan R., Weimer, David L., and Greenberg, David H. (2004) “Just Give Me a Number!”: Practical Values for the Social Discount Rate. Journal of Policy Analysis and Management 23(4), 789812.
Moore, Mark H. (1995) Creating Public Value: Strategic Management in Government. Cambridge: Harvard University Press.
Moore, Michael J. and Viscusi, W. Kip (1988) Doubling the Estimated Value of Life: Results Using New Occupational Fatality Data. Journal of Policy Analysis and Management 7(3), 476490.
Morewedge, Carey K., Gilbert, Daniel T., Myrseth, Kristian Ove R., Kassam, Karim S., and Wilson, Timothy D. (2010) Consuming Experience: Why Affective Forecasters Overestimate Comparative Value. Journal of Experimental Social Psychology 46(6), 986992.
Morrison, Edward R. (1998) Judicial Review of Discount Rates Used in Regulatory Cost-Benefit Analyses. University of Chicago Law Review 65(4), 13331369.
Nechyba, Thomas J. (2000) Mobility, Targeting, and Private-School Vouchers. American Economic Review 90(1), 130146.
Newell, Richard G. and Siikamaki, Juha (2015) Individual Time Preferences and Energy Efficiency. American Economic Review 105(5), 196200.
Niskanen, William A. Jr. (1991) A Reflection on Bureaucracy and Representative Government. In Blaise, André and Dion, Stéphane, Editors, The Budget Maximizing Bureaucrat: Appraisals and Evidence. Pittsburgh: University of Pittsburgh Press, 1331.
Noonan, Douglas S. (2003) Contingent Valuation and Cultural Resources: A Meta-Analytic Review of the Literature. Journal of Cultural Economics 27(3–4), 159176.
O’Donoghue, Ted and Rabin, Matthew (1999) Doing It Now or Later. American Economic Review 89(1), 103124.
O’Donoghue, Ted and Rabin, Matthew (2015) Present Bias: Lessons Learned and to be Learned. American Economic Review 105(5), 273279.
Oliver, Adam, ed. (2013) Behavioral Public Policy. New York: Cambridge University Press.
Olson, Mancur (1965) Logic of Collective Action: Public Goods and the Theory of Groups. Cambridge: Harvard University Press.
Persky, Joseph (2001) Retrospectives: Cost-Benefit Analysis and the Classical Creed. Journal of Economic Perspectives 15(4), 199208.
Pew-MacArthur (2015) Results First Fact Sheet (www.pewtrusts.org/en/projects/pew-macarthur-results-first-initiative).
Phelps, Edmund S. and Pollak, Robert A. (1968) On Second-Best National Saving and Game-Equilibrium Growth. Review of Economic Studies 35(2), 185199.
Plott, Charles R. and Zeiler, Kathryn (2005) The Willingness to Pay–Willingness to Accept Gap, the “Endowment Effect,” Subject Misconceptions, and Experimental Procedures for Eliciting Valuations. American Economic Review 95(3), 530545.
Quiggin, John (1982) A Theory of Anticipated Utility. Journal of Economic Behavior and Organization 3(4), 323343.
Randall, Alan and Stoll, John R. (1980) Consumer’s Surplus in Commodity Space. American Economic Review 70(3), 449455.
Ramsey, Frank P. (1928) A Mathematical Theory of Saving. Economic Journal 38(152), 543559.
Rasmusen, Eric (2012) Internalities and Paternalism: Applying the Compensation Criterion to Multiple Selves across Time. Social Choice and Welfare 38(4), 601615.
Read, Daniel and Loewenstein, George (1995) Diversification Bias: Explaining the Discrepancy in Variety Seeking between Combined and Separated Choices. Journal of Experimental Psychology: Applied 1(1), 3449.
Redish, A. David, Jensen, Steve, and Johnson, Adam (2008) A Unified Framework for Addiction: Vulnerabilities in the Decision Process. Behavioral and Brain Sciences 31(4), 415437.
Reyna, Valerie F. (2004) How People Make Decisions That Involve Risk: A Dual-Process Approach. Current Directions in Psychological Science 13(2), 6066.
Richards, Timothy J. and Hamilton, Stephen F. (2012) Obesity and Hyperbolic Discounting: An Experimental Analysis. Journal of Agricultural and Resource Economics 37(2), 181198.
Richter, Linda and Foster, Susan E. (2014) Effectively Addressing Addiction Requires Changing the Language of Addiction. Journal of Public Health Policy 35(1), 6064.
Robinson, Lisa A. and Hammitt, James K. (2011) Behavioral Economics and the Conduct of Benefit-Cost Analysis: Towards Principles and Standards. Journal of Benefit-Cost Analysis 2(2), 151.
Robinson, Lisa A. and Hammitt, James K. (2013) Skills of the Trade: Valuing Health Risk Reductions in Benefit-Cost Analysis. Journal of Benefit-Cost Analysis 4(1), 107130.
Robinson, Lisa A. and Hammitt, James K. (2016) Valuing Reductions in Fatal Illness Risks: Implications of Recent Research. Health Economics 25(8), 10391052.
Robinson, Lisa, Hammitt, James K., and Zeckhauser, Richard (2016) Attention to Distribution in US Regulatory Analysis. Review of Environmental Economics and Policy 10(2), 308328.
Robson, Arthur J. and Szentes, Balazs (2014) A Biological Theory of Social Discounting. American Economic Review 104(11), 34813497.
Rubinstein, Ariel (2003) “Economics and Psychology”? The Case of Hyperbolic Discounting. International Economic Review 44(4), 12071216.
Ryder, Harl E. and Heal, Geoffrey M. (1973) Optimal Growth with Intertemporally Dependent Preferences. Review of Economic Studies 40(1), 131.
Samuelson, Paul A. (1937) A Note on Measurement of Utility. Review of Economic Studies 4(2), 155161.
Sandmo, Agnar (1983) Ex Post Welfare Economics and the Theory of Merit Goods. Economica 50(197), 1933.
Sayman, Serdar and Öncüler, Ayşe (2005) Effects of Study Design Characteristics on the WTA–WTP Disparity: A Meta Analytical Framework. Journal of Economic Psychology 26(2), 289312.
Scitovsky, Tibor (1941) A Note on Welfare Propositions in Economics. Review of Economic Studies 9(1), 7788.
Sen, Amartya (1990) Rational Behaviour. In Eatwell, John, Milgate, Murray, and Newman, Peter, Editors, The New Palgrave: Utility and Probability, 198216.
Scharff, Robert L. and Viscusi, W. Kip (2011) Heterogeneous Rates of Time Preference and the Decision to Smoke. Economic Inquiry 49(4), 959972.
Schelling, Thomas C. (1984) Self-Command in Practice, in Policy, and in a Theory of Rational Choice. American Economic Review 74(2), 111.
Schkade, David A. and Kahneman, Daniel (1998) Does Living in California Make People Happy? A Focusing Illusion in Judgments of Life Satisfaction. Psychological Science 9(5), 340346.
Schmalensee, Richard (1972) Option Demand and Consumer’s Surplus: Valuing Price Changes under Uncertainty. American Economic Review 62(5), 813824.
Schmeidler, David (1989) Subjective Probability and Expected Utility without Additivity. Econometrica 57(3), 571587.
Schmidt, Ulrich, Starmer, Chris and Sugden, Robert (2008) Third-Generation Prospect Theory. Journal of Risk and Uncertainty 36(3), 203223.
Shapiro, Stuart and Morrall, John F. III (2012) The Triumph of Regulatory Politics: Benefit–Cost Analysis and Political Salience. Regulation & Governance 6(2), 189206.
Shogren, Jason F. and Thunström, Linda (2016) Do We Need a New Behavioral Benchmark for BCA? Journal of Benefit-Cost Analysis 7(1), 92106.
Sims, Sally and Dent, Peter (2005) High-Voltage Overhead Power Lines and Property Values: A Residential Study in the UK. Urban Studies 42(4), 665694.
Sloan, Frank A., Smith, Vincent Kerry, and Taylor, Donald H. (2003) The Smoking Puzzle: Information, Risk Perception, and Choice. Cambridge: Harvard University Press.
Sloan, Frank A., Kip Viscusi, W., Chesson, Harrell W., Conover, Christopher J., and Whetten-Goldstein, Kathryn (1998) Alternative Approaches to Valuing Intangible Health Losses: The Evidence for Multiple Sclerosis. Journal of Health Economics 17(4), 475497.
Slovic, Paul (1987) Perception of Risk. Science 236(4799), 280285.
Smith, David E. (2012) The Process Addictions and the New ASAM Definition of Addiction. Journal of Psychoactive Drugs 44(1), 14.
Smith, Vernon L. (1980) Experiments with a Decentralized Mechanism for Public Good Decisions. American Economic Review 70(4), 584599.
Smith, Vernon L. (1985) Experimental Economics: Reply. American Economic Review 75(1), 265272.
Smith, V. Kerry and Desvousges, William H. (1987) An Empirical Analysis of the Economic Value of Risk Changes. Journal of Political Economy 95(1), 89114.
Smith, V. Kerry and Moore, Eric M. (2010). Behavioral Economics and Benefit Cost Analysis. Environmental and Resource Economics 46(2), 217234.
Smith, V. Kerry, Taylor, Donald H., and Sloan, Frank A. (2001) Longevity Expectations and Death: Can People Predict their Own Demise? American Economic Review 91(4), 11261134.
Song, Anna V., Brown, Paul, and Glantz, Stanton A. (2014) When Health Policy and Empirical Evidence Collide: The Case of Cigarette Package Warning Labels and Economic Consumer Surplus. American Journal of Public Health 104(2), e42e51.
Starmer, Chris (2000) Developments in Non-Expected Utility Theory: The Hunt for a Descriptive Theory of Choice under Risk. Journal of Economic Literature 38(2), 332382.
Stigler, George J. and Becker, Gary S. (1977) De Gustibus Non Est Disputandum. American Economic Review 67(2), 7690.
Strotz, R. H. (1955–56) Myopia and Inconsistency in Dynamic Utility Maximization. Review of Economic Studies 23(3), 165180.
Sturman, David A. and Moghaddam, Bita (2011) The Neurobiology of Adolescence: Changes in Brain Architecture, Functional Dynamics, and Behavioral Tendencies. Neuroscience & Biobehavioral Reviews 35(8), 17041712.
Sugden, Robert (2004) The Opportunity Criterion: Consumer Sovereignty without the Assumption of Coherent Preferences. American Economic Review 94(4), 10141033.
Sugden, Robert (2005) Coping with Preference Anomalies in Cost–Benefit Analysis: A Market-Simulation Approach. Environmental and Resource Economics 32(1), 129160.
Sugden, Robert (2008) Why Incoherent Preferences Do Dot Justify Paternalism. Constitutional Political Economy 19(3), 226248.
Sugden, Robert (2009) On Nudging: A Review of Nudge: Improving Decisions About Health, Wealth and Happiness by Richard H. Thaler and Cass R. Sunstein. International Journal of the Economics of Business 16(3), 365373.
Thaler, Richard H. (1981) Some Empirical Evidence on Dynamic Inconsistency. Economics Letters 8(3), 201207.
Thaler, Richard H. (1988) Anomalies: The Winner’s Curse. Journal of Economic Perspectives 2(1), 191202.
Thaler, Richard H. and Benartzi, Shlomo (2004) Save More Tomorrow™: Using Behavioral Economics to Increase Employee Saving. Journal of Political Economy 112(S1), S164S187.
Thaler, Richard H. and Sunstein, Cass R. (2003) Libertarian Paternalism. American Economic Review 93(2), 175179.
Thaler, Richard H. and Sunstein, Cass R. (2008) Nudge: Improving Decisions about Health, Wealth, and Happiness. New Haven: Yale University Press.
Thompson, Fred and Rizova, Polly (2015) Understanding and Creating Public Value: Business Is the Engine, Government the Flywheel (and also the Regulator). Public Management Review 17(4), 565586.
Trumbull, William N. (1990) Who Has Standing in Cost‐Benefit Analysis? Journal of Policy Analysis and Management 9(2), 201218.
Tunçel, Tuba and Hammitt, James K. (2014) A New Meta-Analysis on the WTP/WTA Disparity. Journal of Environmental Economics and Management 68(1), 175187.
Tversky, Amos and Kahneman, Daniel (1974) Judgment under Uncertainty: Heuristics and Biases. Science 185(4157), 11241131.
Tversky, Amos and Kahneman, Daniel (1992) Advances in Prospect Theory: Cumulative Representation of Uncertainty. Journal of Risk and Uncertainty 5(4), 297323.
Ubel, Peter A., Loewenstein, George, and Jepson, Christopher (2003) Whose Quality of Life? A Commentary Exploring Discrepancies between Health State Evaluations of Patients and the General Public. Quality of Life Research 12(6), 599607.
United Kingdom, HM Treasury (2003) The Green Book: Appraisal and Evaluation in Central Government. London: The Stationery Office.
United States, Centers for Disease Control and Prevention (2016) Smoking and Tobacco Use: Fact Sheet. www.cdc.gov/tobacco/data_statistics/fact_sheets/youth_data/tobacco_use/index.htm.
United States, Department of Health and Human Services (2014) The Health Consequences of Smoking—50 Years of Progress: A Report of the Surgeon General. Atlanta: US Department of Health and Human Services, Centers for Disease Control and Prevention, National Center for Chronic Disease Prevention and Health Promotion, Office on Smoking and Health.
United States, Department of Transportation (2014a) Revised Departmental Guidance on the Valuation of Travel Time in Economic Analysis. Office of Economic and Strategic Analysis. July 9.
United States, Department of Transportation (2014b) Guidance on Treatment of the Economic Value of a Statistical Life (VSL) in US Department of Transportation Analyses—2014 Adjustment. Acting Undersecretary for Policy and General Council. June 13.
United States, Environmental Protection Agency (2003) Benefits and Costs of the Clean Air Act 1990–2020: Revised Analytical Plan For EPA’s Second Prospective Analysis. Office of Policy Analysis and Review. May 12.
United States, Environmental Protection Agency (2010) Valuing Mortality Risk Reductions for Environmental Policy: A White Paper. National Center for Environmental Economics. Review Draft. December 10.
United States, Environmental Protection Agency (2014) Guidelines for Preparing Economic Analyses. National Center for Environmental Economics.
United States, Environmental Protection Agency (2015) Economy-Wide Modeling: Benefits of Air Quality Improvements White Paper. Prepared for the Science Advisory Board Panel on Economy-Wide Modeling of the Benefits and Costs of Environmental Regulation. September 22.
United States, Food and Drug Administration (2010) Required Warnings for Cigarette Packages and Advertisements. Federal Register 75(218), 6952369565.
United States, Government Accountability Office (2014) Dodd-Frank Regulations: Regulators’ Analytical and Coordination Efforts. December. GAO-15–8.
United States, National Institute on Drug Abuse (2012) Drug Facts: Understanding Drug Abuse and Addiction. www.drugabuse.gov/publications/drugfacts/understanding-drug-abuse-addiction.
United States, Office of Management and Budget (2003) Circular A-4, Regulatory Analysis. September 17.
United States, Office of Management and Budget (2015) 2015Report to Congress on the Benefits and Costs of Federal Regulations and Unfunded Mandates on State, Local, and Tribal Entities. Office of Information and Regulatory Affairs.
United States, Social and Behavioral Sciences Team (2016) Annual Report. National Science and Technology Council, Executive Office of the President.
United States, Substance Abuse and Mental Health Services Administration (2014) Results from the 2013 National Survey on Drug Use and Health: Summary of National Findings. Publication No. SMA 14–4863. Rockville, MD: Department of Health and Human Services.
Varey, Carol and Kahneman, Daniel (1992) Experiences Extended Across Time: Evaluation of Moments and Episodes. Journal of Behavioral Decision Making 5(3), 169185.
Vickrey, William (1961) Counterspeculation, Auctions, and Competitive Sealed Tenders. Journal of Finance 16(1), 837.
Vining, Aidan R. and Weimer, David L. (1988) Information Asymmetry Favoring Sellers: A Policy Framework. Policy Sciences 21(4), 281303.
Vining, Aidan R. and Weimer, David L. (1992) Welfare Economics as the Foundation for Public Policy: Incomplete and Flawed but Nevertheless Desirable. Journal of Socio-Economics 21(1), 2537.
Vining, Aidan R. and Weimer, David L. (2010) An Assessment of Important Issues Concerning the Application of Benefit-Cost Analysis to Social Policy. Journal of Benefit-Cost Analysis 1(1), 138.
Viscusi, W. Kip (1989) Prospective Reference Theory: Toward and Explanation of the Paradoxes. Journal of Risk and Uncertainty 2(3), 235264.
Viscusi, W. Kip (1990) Do Smokers Underestimate Risks? Journal of Political Economy 98(6), 12531269.
Viscusi, W. Kip (2002) Smoke-Filled Rooms: A Postmortem on the Tobacco Deal. Chicago: University of Chicago Press.
Viscusi, W. Kip (2013) Using Data from the Census of Fatal Occupational Injuries to Estimate the Value of a Statistical Life. Monthly Labor Review 136 (October): www.bls.gov/opub/mlr/2013/article/using-data-from-the-census-of-fatal-occupational-injuries-to-estimate-the.htm.
Viscusi, W. Kip (2015a) The Role of Publication Selection Bias in Estimates of the Value of a Statistical Life. American Journal of Health Economics 1(1), 2752.
Viscusi, W. Kip (2015b) Reference-Dependence Effects in Benefit Assessment: Beyond the WTA–WTP Dichotomy and WTA–WTP Ratios. Journal of Benefit-Cost Analysis 6(1), 187206.
Viscusi, W. Kip and Aldy, Joseph E. (2003) The Value of a Statistical Life: A Critical Review of Market Estimates throughout the World. Journal of Risk and Uncertainty 27(1), 576.
Viscusi, W. Kip and Gayer, Ted (2015) Behavioral Public Choice: The Behavioral Paradox of Government Policy. Harvard Journal of Law and Public Policy 38(3), 9731007.
Viscusi, W. Kip and Gayer, Ted (2016) Rational Benefit Assessment for an Irrational World: Toward a Behavioral Transfer Test. Journal of Benefit-Cost Analysis 7(1), 6991.
Visschers, Vivianne H. M., Meertens, Ree M., Passchier, Wim W. F., and de Vries, Nanne N. K. (2009) Probability Information in Risk Communication: A Review of the Research Literature. Risk Analysis 29(2), 267287.
Volkow, Nora D. and Li, Ting-Kai. (2004) Drug Addiction: The Neurobiology of Behaviour Gone Awry. Nature Reviews Neuroscience 5(12), 963970.
von Neumann, John and Morgenstern, Oskar (1944) Theory of Games and Economic Behavior. Princeton: Princeton University Press.
Vortherms, Sam A. (2014) Explaining the WTP/WTA Gap: The Issue of Budget Constraint and Unlimited Valuations. Department of Political Science, University of Wisconsin–Madison: Unpublished Manuscript.
Vossler, Christian A., Doyon, Maurice, and Rondeau, Daniel (2012) Truth in Consequentiality: Theory and Field Evidence on Discrete Choice Experiments. American Economic Journal: Microeconomics 4(4), 145171.
Vuchinich, Rudy E. and Heather, Nick (2003) Choice, Behavioural Economics and Addiction. Oxford: Pergamon.
Warner, Mildred E. (2013) Private Finance for Public Goods: Social Impact Bonds. Journal of Economic Policy Reform 16(4), 303319.
Weimer, David L. (1990) An Earmarked Fossil fuels Tax to Save the Rain Forests. Journal of Policy Analysis and Management 9(2), 254259.
Weimer, David L. (2015) The Thin Reed: Accommodating Weak Evidence for Critical Parameters in Cost-Benefit Analysis. Risk Analysis 35(6), 11011113.
Weimer, David L. and Vining, Aidan R. (2009) Investing in the Disadvantaged: Assessing the Benefits and Costs of Social Policies. Washington, DC: Georgetown University Press.
Weimer, David L. and Vining, Aidan R. (2011) Policy Analysis: Concepts and Practice, 5th edn. Upper Saddle River: Pearson.
Weimer, David L., Vining, Aidan R., and Thomas, Randall K. (2009) Cost-Benefit Analysis Involving Addictive Goods: Contingent Valuation to Estimate Willingness-to-Pay for Smoking Cessation. Health Economics 18(2), 181202.
Weitzman, Martin L. (1998) Why the Far-Distant Future Should Be Discounted at Its Lowest Possible Rate. Journal of Environmental Economics and Management 36(3), 201208.
White, Darcy and Van Landingham, Gary (2015) Benefit-Cost Analysis in the States: Status, Impact, and Challenges. Journal of Benefit-Cost Analysis 6(2), 369399.
Whittington, Dale and MacRae, Duncan (1986) The Issue of Standing in Cost‐Benefit Analysis. Journal of Policy Analysis and Management 5(4), 665682.
Willig, Robert D. (1976) Consumer’s Surplus without Apology. American Economic Review 66(4), 589597.
Wilson, Timothy D. and Gilbert, Daniel T. (2003) Affective Forecasting. Advances in Experimental Social Psychology 35, 345411.
Winston, Gordon C. (1980) Addiction and Backsliding: A Theory of Compulsive Consumption. Journal of Economic Behavior & Organization 1(4), 295324.
Wunder, Sven, Engel, Stefanie, and Pagiola, Stefano (2008) Taking Stock: A Comparative Analysis of Payments for Environmental Services Programs in Developed and Developing Countries. Ecological Economics 65(4), 834852.
Yaari, Menahem E. (1987) The Dual Theory of Choice under Risk. Econometrica 55(1), 95115.
Zerbe, Richard O. Jr. (2001) Economic Efficiency in Law and Economics. Northampton: Edward Elgar.
Zerbe, Richard O., Jr. (2004) Should Moral Sentiments Be Incorporated into Benefit-Cost Analysis? An Example of Long-Term Discounting. Policy Sciences 37(3–4), 305318.
Zhang, Anming, Boardman, Anthony E., Gillen, David, and Waters, I. I. (2004) Towards Estimating the Social and Environmental Costs of Transportation in Canada. Report for Transport Canada. Vancouver: Centre for Transportation Studies, University of British Columbia.

Metrics

Altmetric attention score

Full text views

Total number of HTML views: 0
Total number of PDF views: 0 *
Loading metrics...

Book summary page views

Total views: 0 *
Loading metrics...

* Views captured on Cambridge Core between #date#. This data will be updated every 24 hours.

Usage data cannot currently be displayed.