The problem of arriving at a principled method of pricing goods and services was very satisfactorily solved for conventional goods; however, this solution is not applicable to digital goods. This paper studies pricing of a special class of digital goods, which we call semantically substitutable digital goods. After taking into consideration idiosyncrasies of goods in this class, we define a mar...

Some assert that it is impossible to test preference restrictions against revealed preference. The “goodness” preference restriction simply assumes that one value of a nonmarket good is preferred over another other with any fixed commodity consumption. This paper uses a preference-theoretic methodology to show how goodness can be falsified by revealed preference for compensation-based welfare a...

INTRODUCTION The empirical evidence for the effectiveness of excise tax increases as a tool for tobacco control and for generating government revenue is overwhelming. Although initially this evidence was generated primarily in high-income countries, the past two decades has seen much evidence originating in low-income and middle-income countries. The findings are broadly similar. The answer to ...

Department of Neurology, Johns Hopkins University School of Medicine, Baltimore, Maryland, USA Center for Primary Care and Outcomes Research/Center for Health Policy, Stanford University, Stanford, California, USA School of Public Health, University of California, Berkeley, California, USA Department of Medicine, Center for Health and the Social Sciences, University of Chicago, Chicago, Illinoi...

Health researchers commonly use the notion of complexity to indicate the problems faced in evaluating the effectiveness of many non-drug interventions.1-3 However, although it is rarely delineated, complexity has two meanings. In the first it is a property of the intervention, and in the second it is a property of the system in which the intervention is implemented. We examine the implications ...

Compared to many applied areas of economics, health economics has a strong tradition in eliciting and using stated preferences (SP) in policy analysis. Discrete choice experiments (DCEs) are one SP method increasingly used in this area. Literature on DCEs in health and more generally has grown rapidly since the mid-1990s. Applications of DCEs in health have come a long way, but to date few have...