Showing 1 - 10 of 31
This article provides a graphical explanation for one of the most important restrictions to utility functions used in revealed preference approaches for measuring the demand for public goods and product quality—weak complementarity. It also describes how the Willig condition is an important...
Persistent link: https://www.econbiz.de/10009392375
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...
Persistent link: https://www.econbiz.de/10005550176
We document the sensitivity of welfare estimates derived from discrete choice models to assumptions about the choice set. Such assumptions can affect welfare estimates through both the estimated parameters of the model and, conditional on the parameters, the substitution among alternatives. Our...
Persistent link: https://www.econbiz.de/10005442451
Environmental policy analyses increasingly require the evaluation of benefits from large changes in spatially differentiated public goods. Such changes are likely to induce general equilibrium effects through changes in household expenditures and local migration, yet current practice "transfers"...
Persistent link: https://www.econbiz.de/10005442493
This research illustrates how the methods developed for meta-analysis can serve to document and summarize voluminous information derived from repeated sensitivity analyses. Our application is to the sensitivity of welfare estimates derived from discrete choice models to assumptions about the...
Persistent link: https://www.econbiz.de/10005252093
Persistent link: https://www.econbiz.de/10005158837
The purpose of this paper 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 scenarios...
Persistent link: https://www.econbiz.de/10005029100
This paper demonstrates how a new framework, using the necessary conditions for a locational equilibrium, offers the potential to transform this policy landscape. We demonstrate in this paper that the framework can be used as part of a benefit analysis of current environmental policy...
Persistent link: https://www.econbiz.de/10005073649
This article provides a graphical explanation for one of the most important restrictions to utility functions used in revealed preference approaches for measuring the demand for public goods and product quality-weak complementarity. It also describes how the Willig condition is an important...
Persistent link: https://www.econbiz.de/10005684075
Persistent link: https://www.econbiz.de/10005540641