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Quality Adjustment for Spatially-Delineated Public Goods: Theory and Application to Cost-of-Living Indices in Los Angeles AgEcon
Banzhaf, H. Spencer.
This paper illustrates how public goods may be incorporated into a cost-of-living index. When public goods are weak complements to a market good, quality-adjusted prices for the market good capture all the welfare information required. They are also consistent with a Laspeyres index that maintains the bound on a true cost-of-living index. The paper recovers this information from a discrete-choice model, using a simulation routine to solve for the appropriate price adjustments. These concepts are applied to the case of housing, education, crime, and air quality in Los Angeles for 1989 to 1994. Over a period of time when they are improving, incorporating pubic goods into the index lowers the estimated change in the cost of living by 0.5 to 2.6 percentage...
Tipo: Working or Discussion Paper Palavras-chave: Air quality; Discrete choice models; Green accounting; Nonmarket valuation; Price index; Public Economics; C51; D12; D60; E31; H40; R10.
Ano: 2002 URL: http://purl.umn.edu/10833
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Evaluation of Internalisation Processes in Environmental Management Systems: Aquaculture and Offshore Mussel Farming AgEcon
Malorgio, Giulio.
In recent years, particular attention has been paid to fishing activities, and more specifically to aquaculture, a production process whose environmental impact at present is not being adequately submitted to any sort of serious assessment and control. The impact of aquaculture on the environment has nonetheless become an important issue for both potential customers and public opinion. The purpose of this study is to appraise environmental protection costs if and when a certified program of environmental management is put into effect in an attempt to change the present situation in which firms only comply with minimum environmental standards. A survey was conducted of all relevant information regarding production, organization, and budgetary aspects at...
Tipo: Conference Paper or Presentation Palavras-chave: Environmental management system; Aquaculture farming; Economic sustainability; Green accounting; International Relations/Trade; Livestock Production/Industries; Q220; Q120.
Ano: 2005 URL: http://purl.umn.edu/56083
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Green Price Indices AgEcon
Banzhaf, H. Spencer.
This paper suggests two theoretically consistent and empirically tractable ways that a cost-ofliving index can be expanded to include the environment and other public goods. In addition, it presents an empirical illustration of such an index for Los Angeles, California, incorporating air quality and other spatially varying public goods using a hedonic model. The results indicate that the required information can be recovered and that including public goods can make a noticeable difference in the index.
Tipo: Working or Discussion Paper Palavras-chave: Air quality; Green accounting; Hedonic regression; Nonmarket valuation; Price index; Demand and Price Analysis; E31; H40; I00; Q25; R10.
Ano: 2002 URL: http://purl.umn.edu/10538
Registros recuperados: 3
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