Contingent Valuation is now the most widely used method for valuing non-marketed goods in cost benefit analysis. Yet, despite the fact that many externalities manifest themselves as costs to some and benefits to others, ...
There is a well-established debate between Heckman sample selection and two-part models in health econometrics, particularly when no obvious exclusion restrictions are available. Most of this debate has focussed on the ...
This paper analyses decisions regarding smoking and drinking for a sample of Irish women. Double-hurdle models are estimated to determine whether decisions to smoke/drink are made independently of how much to smoke/drink. ...