Estimating the general equilibrium benefits of large changes in spatially delineated public goods

• 成果类型: Article
• 署名作者: Sieg, H; Smith, VK; Banzhaf, HS; Walsh, R
• 署名单位: Carnegie Mellon University; National Bureau of Economic Research; North Carolina State University; Resources for the Future; University of Colorado System; University of Colorado Boulder
• 刊物名称: INTERNATIONAL ECONOMIC REVIEW
• ISSN/ISSBN: 0020-6598
• DOI: 10.1111/j.0020-6598.2004.00297.x
• 发表日期: 2004
• 页码: 1047-1077
• 关键词: air-quality; income-distribution; discrete-choice; property taxes; hedonic prices; demand; COMPETITION; models; improvements; elasticity

摘要

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 scenarios characterizing the availability of public goods within a system of communities. Welfare measures take into consideration the adjustments of households in equilibrium to nonmarginal changes in public goods. The framework is used to analyze willingness to pay for reductions in ozone concentrations in Southern California between 1990 and 1995.