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Sufficient Statistics for Measuring the Value of Changes in Local Public Goods: Does Chetty’s Framework Inform Lind?
Provedor de dados: 31
Autores: Klaiber,   H. Allen; Smith,   V. Kerry.
The performance of quasi-experimental methods applied to changes in non-market goods depends on the ability of reduced form models to accurately measure willingness to pay. When exogenous changes are non-marginal, the accuracy of the reduced form approximations is not well understood. Further complicating the performance of reduced form models is that the true representation of the non-market good in household utility functions may differ from the perceptions of that good as captured in the reduced form model. This paper evaluates a series of before/after quasi-experiments where the true model is known and examines the performance of these methods under a variety of conditions. We find that performance is impacted by the scale of the change and that...
Tipo: Conference Paper or Presentation
Palavras-chave: Welfare Measurement; Quasi-Experiment; Assignment Model; Perceptions; Non-Marginal Change; Open Space; Resource /Energy Economics and Policy.
Ano: 2009
URL: http://purl.umn.edu/49596