A discrete choice equilibrium approach to valuing large environmental changes

• 成果类型: Article
• 署名作者: Tra, Constant I.
• 署名单位: Nevada System of Higher Education (NSHE); University of Nevada Las Vegas; Nevada System of Higher Education (NSHE); University of Nevada Las Vegas
• 刊物名称: JOURNAL OF PUBLIC ECONOMICS
• ISSN/ISSBN: 0047-2727
• DOI: 10.1016/j.jpubeco.2009.10.006
• 发表日期: 2010
• 页码: 183-196
• 关键词: Benefit analysis; Ozone improvement; Locational equilibrium; discrete choice

摘要

This study develops a discrete choice locational equilibrium model to evaluate the benefits of the an quality improvements that occurred in the Los Angeles area following the 1990 Clean Air Act Amendments (CAAA) The discrete choice equilibrium approach accounts for the fact that air quality improvements brought about by the 1990 CAAA will change housing choices and prices The study also provides new evidence for the distributional welfare impacts of the 1990 CAAA in the Los Angeles area Findings Suggest that the air quality improvements that occurred in the Los Angeles area between 1990 and 2000 provided Substantial general equilibrium benefits to households The analysis reveals noticeable differences between partial and general equilibrium welfare gains, demonstrating that ignoring equilibrium effects will likely misrepresent the benefits of large environmental changes In addition, we find that the equilibrium welfare impacts of the 1990 CAAA in the Los Angeles area varied significantly across income groups (C) 2009 Elsevier B V All rights reserved