全球智库信息集成服务系统(G2TT): The Welfare Cost of Uncertainty in Policy Outcomes

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w22864
来源ID	Working Paper 22864
	The Welfare Cost of Uncertainty in Policy Outcomes
	Edward Schlee; V. Kerry Smith
发表日期	2016-11-28
出版年	2016
语种	英语
摘要	This paper proposes a simple index of the welfare significance of uncertainty in the public goods resulting as policy outcomes. Our measure is the ex ante compensation an individual would require to accept an uncertain level of service compared to receiving the expected value of the distribution of possible values for that service. Our compensation measure is a function of the coefficient of relative risk aversion, the variance in the measure of environmental service associated with policy and relevant for the individual, and a set of conventional parameters that describe the properties of nonmarket benefit measures under conditions of certainty. We would expect that the inverse virtual price elasticity of the for the environmental service and the square of the coefficient of relative variation are the primary factors influencing the size of our compensation index.
主题	Public Economics ; Public Goods ; Environmental and Resource Economics ; Environment
URL	https://www.nber.org/papers/w22864
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/580538
推荐引用方式 GB/T 7714	Edward Schlee,V. Kerry Smith. The Welfare Cost of Uncertainty in Policy Outcomes. 2016.

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
w22864.pdf（311KB）	智库出版物		限制开放	CC BY-NC-SA	浏览