This is great. I have been eagerly awaiting a final version of this. One thing I found when evaluating policy change was that even with very conservative assumptions about how long policy persists (some of which you cite), the cost-effectiveness can look really good. It’s very nice to have some more realistic data. It seems to significantly strengthen the case for policy over more direct stuff. Though of course there is also the downside that bad policy would also persist for quite a long time
This is great. I have been eagerly awaiting a final version of this. One thing I found when evaluating policy change was that even with very conservative assumptions about how long policy persists (some of which you cite), the cost-effectiveness can look really good. It’s very nice to have some more realistic data. It seems to significantly strengthen the case for policy over more direct stuff. Though of course there is also the downside that bad policy would also persist for quite a long time