Work

Meta‐analysis in model implementation: choice sets and the valuation of air quality improvements

Year: 2007

Type: article

Abstract: This research illustrates how the methods developed for meta‐analysis can serve to document and summarize voluminous information derived from repeated sensitivity analyses. Our application is to the sensitivity of welfare estimates derived from discrete choice models to assumptions about the choice set. These assumptions affect welfare estimates through both the estimated parameters of the model and, conditional on the parameters, the substitution among alternatives. In our specific application, the evaluation is in terms of estimated benefits of air quality improvements in Los Angeles based on discrete choices of neighborhood and housing. Copyright © 2007 John Wiley & Sons, Ltd.

Source: Journal of Applied Econometrics

DOI: 10.1002/jae.977

Authors: H. Spencer Banzhaf, V. Kerry Smith

Institutions: Georgia State University, Arizona State University

Language: English

Topic: Economic and Environmental Valuation

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: green

Funders: U.S. Environmental Protection Agency, Resources for the Future, North Carolina State University

OpenAlex ID: W2122741697