The second issue is addressed by assuming that the relationship between age and willingness-to-pay for fatal risk reductions can be approximated using an adjustment factor derived from Jones-Lee (1989).
We're assuming, for the second issue, that the relationship between age and willingness-to-pay for fatal risk reductions can be approximated.
Our theory doesn't allow us to approximate a number yet, so we need to leave the second issue as it is for now.
Three boy scouts wearing wigs are playing.
The boy is walking alone.
A person sitting down in an office.
A man is running on a track
There is a girl wearing pink.
One of observable attributes that is assumed not to shift the household's demand