ESTIMATION OF STATE-DEPENDENT UTILITY FUNCTIONS USING SURVEY DATA
开发了一种计量技术，利用关于轻微健康影响的风险-美元权衡的调查数据来估计效用函数，发现除一种情况外，消费者将健康损伤等同于收入下降，表明健康影响并未根本改变效用函数结构。
Surveys of individual's risk-dollar tradeotfs illumi· nate not only the local tradeoff rates but also can be used to address more fundamental questions about the structure of utility functions. This largely unexplored empi~ical area (s investigated by developing an econometric techn1que to est1· mate utility functions based on survey data on risk-dollar tradeoffs for minor health effects. The empirical tests indicate that for all but one of the temporary health effects consid· ered. consumers treat injuries as tantamount to a drop in income. implying that the health impact does not alter the structure of the utility function in a fundamental way.