| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w7744 |
| 来源ID | Working Paper 7744 |
| Estimating the General Equilibrium Benefits of Large Policy Changes: The Clean Air Act Revisited | |
| Holger Sieg; V. Kerry Smith; H. Spencer Banzhaf; Randy Walsh | |
| 发表日期 | 2000-06-01 |
| 出版年 | 2000 |
| 语种 | 英语 |
| 摘要 | This paper reports the first comprehensive approach for measuring the general equilibrium willingness to pay for large changes in air quality. It is based on a well defined locational equilibrium model. The approach allows estimation of households' indirect utility function and the underlying distribution of household types. With these estimates it is possible to compute a new locational equilibrium and the resulting housing prices in response to exogenous changes in air quality. This permits construction of welfare measures which properly take into consideration the adjustments of households in equilibrium to non-marginal changes in air quality. These types of measures are outside the scope of more traditional approaches. The empirical approach of this paper provides, for the first time, an internally consistent framework for estimation and applied general equilibrium welfare analysis. We compute the general equilibrium willingness to pay for the changes in air quality between 1990 and 1995. We implement our empirical framework using data from Southern California, an area which has experienced dramatic improvements in air quality during the past 20 years. Our findings are by and large supportive for our approach and suggest that accounting for general equilibrium effects in applied welfare can be especially important. |
| 主题 | Public Economics ; Public Goods ; Environmental and Resource Economics ; Renewable Resources |
| URL | https://www.nber.org/papers/w7744 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/565316 |
| 推荐引用方式 GB/T 7714 | Holger Sieg,V. Kerry Smith,H. Spencer Banzhaf,et al. Estimating the General Equilibrium Benefits of Large Policy Changes: The Clean Air Act Revisited. 2000. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w7744.pdf（1850KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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