Sieg, Holger; Smith, V. Kerry; Banzhaf, H. Spencer; … - In: International Economic Review 45 (2004) 4, pp. 1047-1077
The purpose of this article is to report a new approach for measuring the general equilibrium willingness to pay for large changes in spatially delineated public goods such as air quality. We estimate the parameters of a locational equilibrium model and compute equilibria for alternative...