Problem Set 2 EEP 145

Problem Set 2 EEP 145 - EEP 145 Problem Set 2 Due Nov 8...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
EEP 145 Problem Set 2 Due Nov 8 Questions labelled as T/F should be marked as True or False. Your answer should be justifed in several sentences. On an exam, points will be awarded based in part on the reasoning behind your answers. 1. T/F The Value o± a Statistical Li±e (VSL) represents the average amount that a person would be willing and able to pay to avoid a ±atal incident. 2. T/F The VSL is likely to increase as incomes increase because sa±ety is a normal good. 3. T/F Davis (2004) uses a cancer cluster in a Nevada county to estimate the value o± a statistical case o± leukemia. Davis assumes that the e±±ect o± the cancer cluster on property values begins in 2000, when a large number o± newspaper articles appear about the cancer cluster. I± residents became aware o± the cancer cluster in 1998 or 1999, however, Davis ʼ s estimates o± the value o± a statistical case o± leukemia will be too large. 4.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 01/29/2011 for the course EVECON 145 taught by Professor Prof.anderson during the Spring '10 term at Berkeley.

Page1 / 2

Problem Set 2 EEP 145 - EEP 145 Problem Set 2 Due Nov 8...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online