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Fair Utilitarianism

By Marc Fleurbaey and Stéphane Zuber

American Economic Journal: Microeconomics, May 2021

Utilitarianism plays a central role in economics, but there is a gap between theory, where utilitarianism is dominant, and applications, where monetary criteria are often used. For applications, a key difficulty is to define how utilities should be measur...

The Role of Behavioral Frictions in Health Insurance Marketplace Enrollment and Risk: Evidence from a Field Experiment

By Richard Domurat, Isaac Menashe, and Wesley Yin

American Economic Review, May 2021

We experimentally varied information mailed to 87,000 households in California's health insurance marketplace to study the role of frictions in insurance take-up. Reminders about the enrollment deadline raised enrollment by 1.3 pp (16 percent) in this t...

An Ounce of Prevention

[Symposium: Preventive Medicine]

By Joseph P. Newhouse

Journal of Economic Perspectives, Spring 2021

I look at prevention through an economic lens and make three main points. First, those advocating preventive measures are often asked how much money a given measure saves. This question is misguided. Rather, preventive measures can be thought of as insu...

"Placebo Tests" for the Impacts of Air Pollution on Health: The Challenge of Limited Health Care Infrastructure

By Bruna Guidetti, Paula Pereda, and Edson Severnini

AEA Papers and Proceedings, May 2021

"Placebo tests" are normally used to support evidence of pollution impacts on health outcomes. In this study, we argue that one should be cautious to proceed with falsification tests. We examine how a large metropolitan area in Brazil copes with increased...

The Health Impacts of Coal-Fired Power Plants in India and the Co-benefits of Greenhouse Gas Reductions

By Maureen Cropper, Ryna Cui, Sarath Guttikunda, Nate Hultman, Puja Jawahar, Yongjoon Park, Xinlu Yao, and Xiaopeng Song

AEA Papers and Proceedings, May 2021

Under the Paris Agreement, India has pledged that 40 percent of its electricity generating capacity will come from non-fossil-fuel sources by the year 2030; however, this pledge does not limit total coal-fired generating capacity. As of 2019, planned incr...

Local Industrial Policy and Sectoral Hubs

By Esteban Rossi-Hansberg, Pierre-Daniel Sarte, and Felipe Schwartzman

AEA Papers and Proceedings, May 2021

We study the desirability of industrial policies that generate sectoral hubs using a quantitative spatial model with cognitive nonroutine and other occupations. The productivity of each occupation in an industry depends on sector-specific production exter...

Preparing for a Pandemic: Accelerating Vaccine Availability

By Amrita Ahuja, Susan Athey, Arthur Baker, Eric Budish, Juan Camilo Castillo, Rachel Glennerster, Scott Duke Kominers, Michael Kremer, Jean Lee, Canice Prendergast, Christopher M. Snyder, Alex Tabarrok, Brandon Joel Tan, and Witold Więcek

AEA Papers and Proceedings, May 2021

Vaccinating the world's population quickly in a pandemic has enormous health and economic benefits. We analyze the problem faced by governments in determining the scale and structure of procurement for vaccines. We analyze alternative approaches to procur...