Edward Morey

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BACKGROUND Current estimates of the societal costs of depression do not include estimates of how much individuals diagnosed with Major Depressive Disorder (MDD) would be willing to pay to eliminate their depression or how much they would have to be paid in order to accept continued depression. Choice-question data and discrete-choice random-utility models(More)
  • Scott J Savage, Donald M Waldman, Scott Hiller, Jessica Almond, Fernando Laguarda, Jonathan Levy +8 others
  • 2012
We estimate the demand for local news service described by the offerings from newspapers, radio, television, the Internet, and Smartphone. The results show that the representative consumer values diversity in the reporting of news, more coverage of multicultural issues, and more information on community news. About two-thirds of consumers have a distaste(More)
A latent-class model is used to identify and characterize groups of patients who share similar attitudes towards treating depression. The results predict the probability of preference-group membership on the basis of observable characteristics and answers to attitudinal questions. Understanding the types of preference groups that exist and a patient's(More)
Now let's go back to our previously defined optimal distribution of resources and ask: What sort of economic organization is consistent with optimality? Let's first examine a central planner who likes decentralized decision making. What would she have to do to achieve the optimal allocation of society's scarce resource? Start by assuming a world of not(More)
Choice question data and discrete choice random-utility models are used to estimate preferences over treatment programs for depression. Preferences are allowed to vary with treatment and individual characteristics. The findings include: (1) The value of consuming market goods is less when one is depressed. This is a type of income effect and drives a wedge(More)
  • Edward Morey, Vic Adamowicz, Rich Bishop, Bill Breffle, Laurie Chesnut, Michael Hanemann +10 others
  • 2001
This paper started as lectures at the Universities of Bologna, Padua and Urbino. The comments and suggestions of the participants at those workshops significantly improved the paper. This paper has benefited from many discussions about nonmarket valuation with Abstract: The paper outlines the challenges and opportunities associated with valuing(More)
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