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H Spencer Banzhaf

Datos Biográficos

ID3589073
NOMBREH Spencer Banzhaf
NOMBRESH Spencer
APELLIDOBanzhaf
FIRMABANZHAF H S
AFILIACIONESGeorgia State University
VERIFICADONo
TOTAL DE OBRAS24
TOTAL DE CITAS126
TOTAL COMO AUTOR22
TOTAL COMO EDITOR2
PRIMER AÑO DE PUBLICACIÓN2000
AÑO MÁS RECIENTE DE PUBLICACIÓN2025
ÍNDICE H6
  • Smoke from Factory Chimneys

    H Spencer Banzhaf, Randall Walsh•ARTICLE•History of Political Economy•2025•Referencias: 30

    Like today, one hundred years ago air pollution was a matter of grave concern in the world's most polluted cities. In the wake of its famous 1908-9 social survey, the City of Pittsburgh commissioned an "Economic Survey of Pittsburgh" from J. T. Holdsworth, a prominent institutional economist at the University of Pittsburgh. Although wide ranging, the report opened by stating that "the first fundamental need in Pittsburgh is the eradication of smo…

  • Distribution and Disputation

    Open Access•H Spencer Banzhaf•ARTICLE•Journal of Benefit-Cost Analysis•2023•Referencias: 17

    As its practitioners know well, benefit-cost analysis (BCA) walks a fine line between the positive and normative, between the science of economics and the art of political economy. Missteps threaten to undermine its credibility as a value-free science, while overcaution risks irrelevance to the pressing questions of the day. As BCA adapts to give more weight to distributional concerns, while operating in a more highly charged political environmen…

  • Thinking Like an Economist

    H Spencer Banzhaf•ARTICLE•History of Political Economy•2023•Referencias: 2

  • The Value of Statistical Life

    Open Access•H Spencer Banzhaf•ARTICLE•Journal of Benefit-Cost Analysis•2022•Citada por: 5•Referencias: 3

    The value of statistical life (VSL) is arguably the most important number in benefit–cost analyses of environmental, health, and transportation policies. However, agencies have used a wide range of VSL values. One reason may be the embarrassment of riches when it comes to VSL studies. While meta-analysis is a standard way to synthesize information across studies, we now have multiple competing meta-analyses and reviews. Thus, to analysts, picking…

  • Age-based property tax exemptions

    Open Access•H Spencer Banzhaf, Ryan Mickey et al.•ARTICLE•Journal of Urban Economics•2021•Referencias: 12

  • Difference-in-Differences Hedonics

    H Spencer Banzhaf•ARTICLE•Journal of Political Economy•2021•Citada por: 5•Referencias: 7

    Cross-sectional estimates of hedonic price functions theoretically recover marginal values for characteristics but face endogeneity problems. Consequently, economists have introduced difference-in-differences and other quasi-experimental econometric methods into hedonic models. Unfortunately, the welfare interpretation of these estimands has not been clear. This paper shows that quasi-experimental hedonics can identify the movement along the ex p…

  • Constructing Markets

    H Spencer Banzhaf•ARTICLE•History of Political Economy•2017•Citada por: 2•Referencias: 45

    As economists took up the task of measuring the "demand" for environmental services not traded in markets, some chose to substitute survey-based methods known as contingent valuation (CV). Doing so, they could not help but find themselves in the uncomfortable position of self-evidently constructing their observations rather than merely observing them. Apparent anomalies between the constructs and the predictions for economic man led to a fierce d…

  • Retrospectives

    Open Access•H Spencer Banzhaf•ARTICLE•The Journal of Economic…•2014•Citada por: 3•Referencias: 25

    This paper traces the history of the "Value of Statistical Life" (VSL), which today is used routinely in benefit-cost analysis of life-saving investments. The "value of statistical life" terminology was introduced by Thomas Schelling (1968) in his essay, "The Life You Save May Be Your Own." Schelling made the crucial move to think in terms of risk rather than individual lives, with the hope to dodge the moral thicket of valuing "life." But as rec…

  • Segregation and Tiebout sorting

    Open Access•H Spencer Banzhaf, Randall Walsh et al.•ARTICLE•Journal of Urban Economics•2013•Citada por: 11•Referencias: 32

  • The Political Economy of Environmental Justice

    Open Access•H Spencer Banzhaf•BOOK•The political economy of…•2012

    The environmental justice literature convincingly shows that poor people and minorities live in more polluted neighborhoods than do other groups. These findings have sparked a broad activist movement, numerous local lawsuits, and several federal policy reforms. Despite the importance of environmental justice, the topic has received little attention from economists. And yet, economists have much to contribute, as several explanations for the corre…

  • The Political Economy of Environmental Justice

    Open Access•Spencer Banzhaf, H Spencer Banzhaf•BOOK•Political Economy of Environmental…•2012

  • The Cost of Living in America

    H Spencer Banzhaf•ARTICLE•History of Political Economy•2012

    Book Review| September 01 2012 The Cost of Living in America: A Political History of Economic Statistics, 1880–2000 The Cost of Living in America: A Political History of Economic Statistics, 1880–2000. By Stapleford, Thomas A.. Cambridge: Cambridge University Press, 2009. xiii; 440 pp.$31.00. H. Spencer Banzhaf H. Spencer Banzhaf Search for other works by this author on: This Site Google History of Political Economy (2012) 44 (3): 541–543. https:…

  • Consumer Sovereignty in the History of Environmental Economics

    H Spencer Banzhaf•ARTICLE•History of Political Economy•2011•Citada por: 2•Referencias: 13

    Economists have tried to incorporate the environment into the economic calculus by incorporating shadow values of environmental improvements into benefit-cost analysis and by designing policies to price pollution. Environmental economists tend to present these practices as settled, but in fact deep-buried tensions lie underneath the apparently settled ground. When they choose one method to measure prices over another, environmental economists imp…

  • Success and design of local referenda for land conservation

    Open Access•H Spencer Banzhaf, Wallace E Oates et al.•ARTICLE•Journal of Policy Analysis and…•2010•Citada por: 11•Referencias: 3

    From 1998 to 2006, over three-quarters of the more than 1,550 U.S. referenda targeting open space passed. We analyze the success of the conservation movement at holding referenda in areas with greater ecological value and greater likelihood of supporting conservation. To do so, we first analyze the patterns in where referenda are held and in which finance mechanisms they employ. Controlling for these two selection patterns, we then investigate th…

  • Can the land tax help curb urban sprawl? Evidence from growth patterns in Pennsylvania

    Open Access•H Spencer Banzhaf, Nathan Lavery•ARTICLE•Journal of Urban Economics•2010•Citada por: 10•Referencias: 24

  • Do People Vote with Their Feet? An Empirical Test of Tiebout's Mechanism

    H Spencer Banzhaf, Randall Walsh et al.•ARTICLE•American Economic Review•2008

    Charles Tiebout's suggestion that people “vote with their feet” for communities with optimal bundles of taxes and public goods has played a central role in local public finance for over 50 years. Using a locational equilibrium model, we derive formal tests of his premise. The model predicts increased population density in neighborhoods experiencing exogenous improvements in public goods and, for large improvements, increased relative mean incomes…

  • Keeping Faith, Losing Faith

    Bradley W Bateman, Bradley Bateman et al.•ARTICLE•History of Political Economy•2008•Citada por: 2•Referencias: 15

    Although some of the early efforts of Western social and political theorists were made in opposition to religious interpretations of the world, religious belief held sway throughout the early modern period as the dominant means to interpret human experience. 1 Sometime in the nineteenth century, however, economics and the other social sciences began to develop analytical models that were completely severed from theology and religious belief.For e…

  • Keeping Faith, Losing Faith

    Bradley W Bateman, Bradley Bateman et al.•ARTICLE•History of Political Economy•2008

    Research Article| December 01 2008 Keeping Faith, Losing Faith: Conclusion to the Volume Bradley Bateman; Bradley Bateman Search for other works by this author on: This Site Google H. Spencer Banzhaf H. Spencer Banzhaf Search for other works by this author on: This Site Google History of Political Economy (2008) 40 (5): 338–340. https://doi.org/10.1215/00182702-2007-073 Cite Icon Cite Share Icon Share Twitter Permissions Search Site Citation Brad…

  • What are ecosystem services? The need for standardized environmental accounting units

    Open Access•James Boyd, Spencer Banzhaf et al.•ARTICLE•Ecological Economics•2007•Citada por: 47

  • The Other Economics Department

    H Spencer Banzhaf•ARTICLE•History of Political Economy•2006•Citada por: 5•Referencias: 39

    Research Article| December 01 2006 The Other Economics Department: Demand and Value Theory in Early Agricultural Economics H. Spencer Banzhaf H. Spencer Banzhaf Search for other works by this author on: This Site Google History of Political Economy (2006) 38 (Suppl_1): 9–31. https://doi.org/10.1215/00182702-2005-015 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn MailTo Permissions Search Site Citation H. Spencer Banzhaf; The Other Econ…

  • The Form and Function of Price Indexes

    H Spencer Banzhaf•ARTICLE•History of Political Economy•2004•Citada por: 4•Referencias: 24

    Research Article| November 01 2004 The Form and Function of Price Indexes: A Historical Accounting H. Spencer Banzhaf H. Spencer Banzhaf Search for other works by this author on: This Site Google History of Political Economy (2004) 36 (4): 589–616. https://doi.org/10.1215/00182702-36-4-589 Views Icon Views Article contents Figures & tables Video Audio Supplementary Data Peer Review Share Icon Share Facebook Twitter LinkedIn Email Tools Icon Tools…

  • Interjurisdictional housing prices in locational equilibrium

    Open Access•Holger Sieg, V Kerry Smith et al.•ARTICLE•Journal of Urban Economics•2002•Citada por: 6•Referencias: 22

  • Quantifying the Qualitative

    H Spencer Banzhaf•ARTICLE•History of Political Economy•2001•Citada por: 4•Referencias: 22

    Research Article| December 01 2001 Quantifying the Qualitative: Quality-Adjusted Price Indexes in the United States, 1915-61 H. Spencer Banzhaf H. Spencer Banzhaf Search for other works by this author on: This Site Google History of Political Economy (2001) 33 (Suppl_1): 345–370. https://doi.org/10.1215/00182702-33-Suppl_1-345 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn Email Permissions Search Site Citation H. Spencer Banzhaf; Quan…

  • Productive Nature and the Net Product

    H Spencer Banzhaf•ARTICLE•History of Political Economy•2000•Citada por: 9•Referencias: 7

    Research Article| September 01 2000 Productive Nature and the Net Product: Quesnay's Economies Animal and Political H. Spencer Banzhaf H. Spencer Banzhaf Search for other works by this author on: This Site Google History of Political Economy (2000) 32 (3): 517–551. https://doi.org/10.1215/00182702-32-3-517 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn Email Permissions Search Site Citation H. Spencer Banzhaf; Productive Nature and the…

  • What are ecosystem services? The need for standardized environmental accounting units

    Open Access•James Boyd, Spencer Banzhaf et al.•ARTICLE•Ecological Economics•2007•Citada por: 47

  • Segregation and Tiebout sorting

    Open Access•H Spencer Banzhaf, Randall Walsh et al.•ARTICLE•Journal of Urban Economics•2013•Citada por: 11•Referencias: 32

  • Success and design of local referenda for land conservation

    Open Access•H Spencer Banzhaf, Wallace E Oates et al.•ARTICLE•Journal of Policy Analysis and…•2010•Citada por: 11•Referencias: 3

    From 1998 to 2006, over three-quarters of the more than 1,550 U.S. referenda targeting open space passed. We analyze the success of the conservation movement at holding referenda in areas with greater ecological value and greater likelihood of supporting conservation. To do so, we first analyze the patterns in where referenda are held and in which finance mechanisms they employ. Controlling for these two selection patterns, we then investigate th…

  • Can the land tax help curb urban sprawl? Evidence from growth patterns in Pennsylvania

    Open Access•H Spencer Banzhaf, Nathan Lavery•ARTICLE•Journal of Urban Economics•2010•Citada por: 10•Referencias: 24

  • Productive Nature and the Net Product

    H Spencer Banzhaf•ARTICLE•History of Political Economy•2000•Citada por: 9•Referencias: 7

    Research Article| September 01 2000 Productive Nature and the Net Product: Quesnay's Economies Animal and Political H. Spencer Banzhaf H. Spencer Banzhaf Search for other works by this author on: This Site Google History of Political Economy (2000) 32 (3): 517–551. https://doi.org/10.1215/00182702-32-3-517 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn Email Permissions Search Site Citation H. Spencer Banzhaf; Productive Nature and the…

  • Interjurisdictional housing prices in locational equilibrium

    Open Access•Holger Sieg, V Kerry Smith et al.•ARTICLE•Journal of Urban Economics•2002•Citada por: 6•Referencias: 22

  • The Value of Statistical Life

    Open Access•H Spencer Banzhaf•ARTICLE•Journal of Benefit-Cost Analysis•2022•Citada por: 5•Referencias: 3

    The value of statistical life (VSL) is arguably the most important number in benefit–cost analyses of environmental, health, and transportation policies. However, agencies have used a wide range of VSL values. One reason may be the embarrassment of riches when it comes to VSL studies. While meta-analysis is a standard way to synthesize information across studies, we now have multiple competing meta-analyses and reviews. Thus, to analysts, picking…

  • Difference-in-Differences Hedonics

    H Spencer Banzhaf•ARTICLE•Journal of Political Economy•2021•Citada por: 5•Referencias: 7

    Cross-sectional estimates of hedonic price functions theoretically recover marginal values for characteristics but face endogeneity problems. Consequently, economists have introduced difference-in-differences and other quasi-experimental econometric methods into hedonic models. Unfortunately, the welfare interpretation of these estimands has not been clear. This paper shows that quasi-experimental hedonics can identify the movement along the ex p…

  • The Other Economics Department

    H Spencer Banzhaf•ARTICLE•History of Political Economy•2006•Citada por: 5•Referencias: 39

    Research Article| December 01 2006 The Other Economics Department: Demand and Value Theory in Early Agricultural Economics H. Spencer Banzhaf H. Spencer Banzhaf Search for other works by this author on: This Site Google History of Political Economy (2006) 38 (Suppl_1): 9–31. https://doi.org/10.1215/00182702-2005-015 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn MailTo Permissions Search Site Citation H. Spencer Banzhaf; The Other Econ…

  • The Form and Function of Price Indexes

    H Spencer Banzhaf•ARTICLE•History of Political Economy•2004•Citada por: 4•Referencias: 24

    Research Article| November 01 2004 The Form and Function of Price Indexes: A Historical Accounting H. Spencer Banzhaf H. Spencer Banzhaf Search for other works by this author on: This Site Google History of Political Economy (2004) 36 (4): 589–616. https://doi.org/10.1215/00182702-36-4-589 Views Icon Views Article contents Figures & tables Video Audio Supplementary Data Peer Review Share Icon Share Facebook Twitter LinkedIn Email Tools Icon Tools…

  • Quantifying the Qualitative

    H Spencer Banzhaf•ARTICLE•History of Political Economy•2001•Citada por: 4•Referencias: 22

    Research Article| December 01 2001 Quantifying the Qualitative: Quality-Adjusted Price Indexes in the United States, 1915-61 H. Spencer Banzhaf H. Spencer Banzhaf Search for other works by this author on: This Site Google History of Political Economy (2001) 33 (Suppl_1): 345–370. https://doi.org/10.1215/00182702-33-Suppl_1-345 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn Email Permissions Search Site Citation H. Spencer Banzhaf; Quan…

  • Retrospectives

    Open Access•H Spencer Banzhaf•ARTICLE•The Journal of Economic…•2014•Citada por: 3•Referencias: 25

    This paper traces the history of the "Value of Statistical Life" (VSL), which today is used routinely in benefit-cost analysis of life-saving investments. The "value of statistical life" terminology was introduced by Thomas Schelling (1968) in his essay, "The Life You Save May Be Your Own." Schelling made the crucial move to think in terms of risk rather than individual lives, with the hope to dodge the moral thicket of valuing "life." But as rec…

  • Constructing Markets

    H Spencer Banzhaf•ARTICLE•History of Political Economy•2017•Citada por: 2•Referencias: 45

    As economists took up the task of measuring the "demand" for environmental services not traded in markets, some chose to substitute survey-based methods known as contingent valuation (CV). Doing so, they could not help but find themselves in the uncomfortable position of self-evidently constructing their observations rather than merely observing them. Apparent anomalies between the constructs and the predictions for economic man led to a fierce d…

  • Consumer Sovereignty in the History of Environmental Economics

    H Spencer Banzhaf•ARTICLE•History of Political Economy•2011•Citada por: 2•Referencias: 13

    Economists have tried to incorporate the environment into the economic calculus by incorporating shadow values of environmental improvements into benefit-cost analysis and by designing policies to price pollution. Environmental economists tend to present these practices as settled, but in fact deep-buried tensions lie underneath the apparently settled ground. When they choose one method to measure prices over another, environmental economists imp…

  • Keeping Faith, Losing Faith

    Bradley W Bateman, Bradley Bateman et al.•ARTICLE•History of Political Economy•2008•Citada por: 2•Referencias: 15

    Although some of the early efforts of Western social and political theorists were made in opposition to religious interpretations of the world, religious belief held sway throughout the early modern period as the dominant means to interpret human experience. 1 Sometime in the nineteenth century, however, economics and the other social sciences began to develop analytical models that were completely severed from theology and religious belief.For e…

  • Productive Nature and the Net Product

    H Spencer Banzhaf•ARTICLE•History of Political Economy•2000•Citada por: 9•Referencias: 7

    Research Article| September 01 2000 Productive Nature and the Net Product: Quesnay's Economies Animal and Political H. Spencer Banzhaf H. Spencer Banzhaf Search for other works by this author on: This Site Google History of Political Economy (2000) 32 (3): 517–551. https://doi.org/10.1215/00182702-32-3-517 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn Email Permissions Search Site Citation H. Spencer Banzhaf; Productive Nature and the…

  • Quantifying the Qualitative

    H Spencer Banzhaf•ARTICLE•History of Political Economy•2001•Citada por: 4•Referencias: 22

    Research Article| December 01 2001 Quantifying the Qualitative: Quality-Adjusted Price Indexes in the United States, 1915-61 H. Spencer Banzhaf H. Spencer Banzhaf Search for other works by this author on: This Site Google History of Political Economy (2001) 33 (Suppl_1): 345–370. https://doi.org/10.1215/00182702-33-Suppl_1-345 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn Email Permissions Search Site Citation H. Spencer Banzhaf; Quan…

  • Interjurisdictional housing prices in locational equilibrium

    Open Access•Holger Sieg, V Kerry Smith et al.•ARTICLE•Journal of Urban Economics•2002•Citada por: 6•Referencias: 22

  • The Form and Function of Price Indexes

    H Spencer Banzhaf•ARTICLE•History of Political Economy•2004•Citada por: 4•Referencias: 24

    Research Article| November 01 2004 The Form and Function of Price Indexes: A Historical Accounting H. Spencer Banzhaf H. Spencer Banzhaf Search for other works by this author on: This Site Google History of Political Economy (2004) 36 (4): 589–616. https://doi.org/10.1215/00182702-36-4-589 Views Icon Views Article contents Figures & tables Video Audio Supplementary Data Peer Review Share Icon Share Facebook Twitter LinkedIn Email Tools Icon Tools…

  • The Other Economics Department

    H Spencer Banzhaf•ARTICLE•History of Political Economy•2006•Citada por: 5•Referencias: 39

    Research Article| December 01 2006 The Other Economics Department: Demand and Value Theory in Early Agricultural Economics H. Spencer Banzhaf H. Spencer Banzhaf Search for other works by this author on: This Site Google History of Political Economy (2006) 38 (Suppl_1): 9–31. https://doi.org/10.1215/00182702-2005-015 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn MailTo Permissions Search Site Citation H. Spencer Banzhaf; The Other Econ…

  • What are ecosystem services? The need for standardized environmental accounting units

    Open Access•James Boyd, Spencer Banzhaf et al.•ARTICLE•Ecological Economics•2007•Citada por: 47

  • Do People Vote with Their Feet? An Empirical Test of Tiebout's Mechanism

    H Spencer Banzhaf, Randall Walsh et al.•ARTICLE•American Economic Review•2008

    Charles Tiebout's suggestion that people “vote with their feet” for communities with optimal bundles of taxes and public goods has played a central role in local public finance for over 50 years. Using a locational equilibrium model, we derive formal tests of his premise. The model predicts increased population density in neighborhoods experiencing exogenous improvements in public goods and, for large improvements, increased relative mean incomes…

  • Keeping Faith, Losing Faith

    Bradley W Bateman, Bradley Bateman et al.•ARTICLE•History of Political Economy•2008•Citada por: 2•Referencias: 15

    Although some of the early efforts of Western social and political theorists were made in opposition to religious interpretations of the world, religious belief held sway throughout the early modern period as the dominant means to interpret human experience. 1 Sometime in the nineteenth century, however, economics and the other social sciences began to develop analytical models that were completely severed from theology and religious belief.For e…

  • Keeping Faith, Losing Faith

    Bradley W Bateman, Bradley Bateman et al.•ARTICLE•History of Political Economy•2008

    Research Article| December 01 2008 Keeping Faith, Losing Faith: Conclusion to the Volume Bradley Bateman; Bradley Bateman Search for other works by this author on: This Site Google H. Spencer Banzhaf H. Spencer Banzhaf Search for other works by this author on: This Site Google History of Political Economy (2008) 40 (5): 338–340. https://doi.org/10.1215/00182702-2007-073 Cite Icon Cite Share Icon Share Twitter Permissions Search Site Citation Brad…

  • Success and design of local referenda for land conservation

    Open Access•H Spencer Banzhaf, Wallace E Oates et al.•ARTICLE•Journal of Policy Analysis and…•2010•Citada por: 11•Referencias: 3

    From 1998 to 2006, over three-quarters of the more than 1,550 U.S. referenda targeting open space passed. We analyze the success of the conservation movement at holding referenda in areas with greater ecological value and greater likelihood of supporting conservation. To do so, we first analyze the patterns in where referenda are held and in which finance mechanisms they employ. Controlling for these two selection patterns, we then investigate th…

  • Can the land tax help curb urban sprawl? Evidence from growth patterns in Pennsylvania

    Open Access•H Spencer Banzhaf, Nathan Lavery•ARTICLE•Journal of Urban Economics•2010•Citada por: 10•Referencias: 24

  • Consumer Sovereignty in the History of Environmental Economics

    H Spencer Banzhaf•ARTICLE•History of Political Economy•2011•Citada por: 2•Referencias: 13

    Economists have tried to incorporate the environment into the economic calculus by incorporating shadow values of environmental improvements into benefit-cost analysis and by designing policies to price pollution. Environmental economists tend to present these practices as settled, but in fact deep-buried tensions lie underneath the apparently settled ground. When they choose one method to measure prices over another, environmental economists imp…

  • The Political Economy of Environmental Justice

    Open Access•H Spencer Banzhaf•BOOK•The political economy of…•2012

    The environmental justice literature convincingly shows that poor people and minorities live in more polluted neighborhoods than do other groups. These findings have sparked a broad activist movement, numerous local lawsuits, and several federal policy reforms. Despite the importance of environmental justice, the topic has received little attention from economists. And yet, economists have much to contribute, as several explanations for the corre…

  • The Political Economy of Environmental Justice

    Open Access•Spencer Banzhaf, H Spencer Banzhaf•BOOK•Political Economy of Environmental…•2012

  • The Cost of Living in America

    H Spencer Banzhaf•ARTICLE•History of Political Economy•2012

    Book Review| September 01 2012 The Cost of Living in America: A Political History of Economic Statistics, 1880–2000 The Cost of Living in America: A Political History of Economic Statistics, 1880–2000. By Stapleford, Thomas A.. Cambridge: Cambridge University Press, 2009. xiii; 440 pp.$31.00. H. Spencer Banzhaf H. Spencer Banzhaf Search for other works by this author on: This Site Google History of Political Economy (2012) 44 (3): 541–543. https:…

  • Segregation and Tiebout sorting

    Open Access•H Spencer Banzhaf, Randall Walsh et al.•ARTICLE•Journal of Urban Economics•2013•Citada por: 11•Referencias: 32

  • Retrospectives

    Open Access•H Spencer Banzhaf•ARTICLE•The Journal of Economic…•2014•Citada por: 3•Referencias: 25

    This paper traces the history of the "Value of Statistical Life" (VSL), which today is used routinely in benefit-cost analysis of life-saving investments. The "value of statistical life" terminology was introduced by Thomas Schelling (1968) in his essay, "The Life You Save May Be Your Own." Schelling made the crucial move to think in terms of risk rather than individual lives, with the hope to dodge the moral thicket of valuing "life." But as rec…

  • Constructing Markets

    H Spencer Banzhaf•ARTICLE•History of Political Economy•2017•Citada por: 2•Referencias: 45

    As economists took up the task of measuring the "demand" for environmental services not traded in markets, some chose to substitute survey-based methods known as contingent valuation (CV). Doing so, they could not help but find themselves in the uncomfortable position of self-evidently constructing their observations rather than merely observing them. Apparent anomalies between the constructs and the predictions for economic man led to a fierce d…

  • Age-based property tax exemptions

    Open Access•H Spencer Banzhaf, Ryan Mickey et al.•ARTICLE•Journal of Urban Economics•2021•Referencias: 12

  • Difference-in-Differences Hedonics

    H Spencer Banzhaf•ARTICLE•Journal of Political Economy•2021•Citada por: 5•Referencias: 7

    Cross-sectional estimates of hedonic price functions theoretically recover marginal values for characteristics but face endogeneity problems. Consequently, economists have introduced difference-in-differences and other quasi-experimental econometric methods into hedonic models. Unfortunately, the welfare interpretation of these estimands has not been clear. This paper shows that quasi-experimental hedonics can identify the movement along the ex p…

  • The Value of Statistical Life

    Open Access•H Spencer Banzhaf•ARTICLE•Journal of Benefit-Cost Analysis•2022•Citada por: 5•Referencias: 3

    The value of statistical life (VSL) is arguably the most important number in benefit–cost analyses of environmental, health, and transportation policies. However, agencies have used a wide range of VSL values. One reason may be the embarrassment of riches when it comes to VSL studies. While meta-analysis is a standard way to synthesize information across studies, we now have multiple competing meta-analyses and reviews. Thus, to analysts, picking…

  • Distribution and Disputation

    Open Access•H Spencer Banzhaf•ARTICLE•Journal of Benefit-Cost Analysis•2023•Referencias: 17

    As its practitioners know well, benefit-cost analysis (BCA) walks a fine line between the positive and normative, between the science of economics and the art of political economy. Missteps threaten to undermine its credibility as a value-free science, while overcaution risks irrelevance to the pressing questions of the day. As BCA adapts to give more weight to distributional concerns, while operating in a more highly charged political environmen…

  • Thinking Like an Economist

    H Spencer Banzhaf•ARTICLE•History of Political Economy•2023•Referencias: 2

  • Smoke from Factory Chimneys

    H Spencer Banzhaf, Randall Walsh•ARTICLE•History of Political Economy•2025•Referencias: 30

    Like today, one hundred years ago air pollution was a matter of grave concern in the world's most polluted cities. In the wake of its famous 1908-9 social survey, the City of Pittsburgh commissioned an "Economic Survey of Pittsburgh" from J. T. Holdsworth, a prominent institutional economist at the University of Pittsburgh. Although wide ranging, the report opened by stating that "the first fundamental need in Pittsburgh is the eradication of smo…

Economics (19 obras) · Political science (14 obras) · Computer Science (12 obras) · Law (12 obras) · Politics (10 obras) · Law (9 obras) · Public economics (9 obras) · Economic Theory and Institutions (7 obras) · Citation (6 obras) · Economic and Environmental Valuation (6 obras)

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