Title

Murder In Black: A Media Distortion Analysis Of Homicides In Baltimore In 2010

Abstract

A mood-utility link is incorporated into a theory of rational consumption and investment in personal health, whereby one's mood worsens as instantaneous utility falls below a threshold but improves as instantaneous utility rises above it. The analysis is conducted within an intertemporal framework, where instantaneous utility is gained and lost and good and bad moods are experienced along a health-dependent random lifespan. The qualitative properties of the resulting optimal control model are investigated by making use of the Frischian form of the feedback demand functions. One of several surprising results derived from this framework is that the marginal value of health can be negative or positive, whereas the marginal values of wealth and mood are unambiguously positive. © 2012 Elsevier B.V.

Publication Date

5-1-2012

Publication Title

Homicide Studies

Volume

16

Issue

3

Number of Pages

175-196

Document Type

Article

Personal Identifier

scopus

DOI Link

https://doi.org/10.1177/1088767912438712

Socpus ID

84859619597 (Scopus)

Source API URL

https://api.elsevier.com/content/abstract/scopus_id/84859619597

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