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来源类型Working Paper
规范类型报告
DOI10.3386/w13903
来源IDWorking Paper 13903
Can Weak Substitution be Rehabilitated?
V. Kerry Smith; Mary F. Evans; H. Spencer Banzhaf; Christine Poulos
发表日期2008-03-20
出版年2008
语种英语
摘要This paper develops a graphical analysis and an analytical model that demonstrate how weak substitution can be used for non-market valuation. Both weak complementarity and weak substitution can be evaluated as restrictions that allow quantity or quality changes in non-market goods to be described as price changes that yield equivalent changes in individual well being. They are Hicksian equivalents in that the price changes yield the same utility changes as would the quantity or quality changes. After discussion of several potential applications of weak substitution, the paper develops the parallel between the restriction and recent strategies from modeling differentiated goods.
主题Environmental and Resource Economics ; Environment
URLhttps://www.nber.org/papers/w13903
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/571577
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GB/T 7714
V. Kerry Smith,Mary F. Evans,H. Spencer Banzhaf,et al. Can Weak Substitution be Rehabilitated?. 2008.
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